BATS:SCCO   SOUTHERN COPPER CORP
127 3 2
Update - Could be working on an IHS            
Hi KLang, what do you think of my chart?
Expecting a Reversal
Reply
KLang PRO HamedAghajani
I don't understand your thesis or methodology
Reply
Sorry, for not explaination.
Not only we are approaching nice technical levels to look for short opportunities, i.e.
33.20 is 50% retracement and
35.25 a 61.8% of retracement level of the impulsive leg (from 42 to 25)
AND
price is testing declining trend-line.,

But also, it seems that the fundamentals are also in favor of this trade.
The slow down in China's growth and it's declining Copper import will support this idea.

Therefore I am looking for short signs in this areas.

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