TaPlot

$SCL forming 4 Month #HeadandShoulders Continuation setup

Long
NYSE:SCL   Stepan Company
NYSE:SCL has been trading right below its ATH zone forming a 4 month continuation head and shoulders chart pattern. The $119 neckline price level has been tested multiple times in the last few weeks. A daily close above that level will send the stock back into ATH territory and trigger a long swing trade. Stock been holding very well against the market sell off and should act strongly if the market firms up and turns around.

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