After testing the Support Level, SCCO go now up again targeting new highs
Copper is among one of the key ingredients in building batteries, and with the current boom in solar and ev batteries, and copper price has been rising, I believe SCCO is poised to go higher, much higher. Copper, Lithium, Nickel are 3 key components in batteries. Tin is also used for soldering the joints 2.2B cash and P/E 20+ not a bad one to get into
Hidden Bullish Divergence and bounce off ema 35
The PEAD projected a Bullish outlook for $SCCO after a negative under reaction following its earnings release placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Break below 67.93. Stop 72.27, Target 1 57.23. 2nd Target $50.23. $65 April Puts
Heavy commercial short positions in copper at these levels. Be patient and let it play out
I will buy this next week.
Hey my friends, SOUTHERN COOPER COPORATION is looking very interesting, it is on a bullish slant, it is heading for its previous higher with signal of the cross and the gap above it can be bridged so that it can possibly be reversed. Please LIKE & FOLLOW, thank yo
See chart for analysis. Logic is quite simple - to reignite the economies worldwide, governments would have to spend a lot on infrastructure projects to create jobs. Copper, as one of the key commodities in many infrastructure projects would be in high demand. And this chart is showing the price action being depressed for quite a while. It has now broken out of...
Looking to see if the double bottom in SCCO will manifest itself. Looking at a 3% rise from the horizontal boundary break for an entry with a measured target of $55.80
#SCCO I found this stock quite promising at this moment of time. Monthly candle stick chart and balance sheet figures support a positive attitude and momentum towards 50s.