AsimMirzaTrader

SCG - Trade Plan

Long
ASX:SCG   SCENTRE GROUP
My trading Bias for SCG is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a breakout with energy, and expecting a potential 7-8% gain.

TP ~ $3.00 - $3.10
Stoploss - $2.55

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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