Zone of interest around 40 1,62 expansion of distribution range.
The PEAD projected a Bullish outlook for $SCCO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
the first target has been reached, is now an inverted continuation head and shoulders ??
SCCO is a nice setup in my opinion. After a nice +250% rally, SCCO has formed a solid VCP pattern with nice rounded base and appears to be ready for the next leg up. Started a position here and will add on a break above 80. For those looking for less, risk can alarm the breakout and go long there, as we may get one more dip to shake out weak hands before more...
SCCO setting up beautifully on the weekly. Tested the breakout and is showing a hammer on the weekly. Should see nice longer term moves from this one. GLL This is not a recommendation to buy or sell. It is for informational purposes only.
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the entry on the H&S of June-January would have stopped Now it is forming a Cup and Handle, of which the handle is a symmetrical triangle, the entrance is clear, with closure above 69,31
Here is a play on #Copper $SCCO if Biotech is too much for your blood. Zoom out and you will see a large rounded base that goes back to May of last year. Could be copper's turn to rip higher after #Oil and #Gold
Not only is SCCO looking to pop soon but longer term it looks to head to $83 and beyond. Great risk return here. Stop around $63-61 (lower for me) with nice upside. Im buying.
Shown here are two different fib sequences. Thick fibs are from its "Genesis Sequence". Thin fibs are from the "Covid Stimulus" wave. Currently struggling against the Golden Genesis fib at $66.88 The entire world is now keenly aware of it thanks to the Pings. So what happens here will say a LOT to a LOT of traders/holders. Rejection here could lead to lower...
SCCO has a lot of tailwinds with the economy the way it is. The next few years could easily see prices continuing to rise. We do not know exactly what will happen, but markets are showing a positive longer-term outlook. I could see this rising to $100/sh by EOY.
ABCD harmonic pattern for SCCO. Set buy stop entry at 63.81$, SL 55.10$, forget it.
Set up buy stop entry at ABCD pattern. SCCO is accumation at inside bars. Wait for the breakout and set long entry.
Since 52 week high in May, SCCO is in a downtrend and it's nearing a breakout of upper trendline in falling wedge pattern. Local lows and local highs trendlines have been converging on relatively declining volume. If it closes weekly above 61.6 (now it's hovering just over 61), a bullish reversal of the existing downtrend and return to to a previous uptrend is...
This is my first attempt to follow Elliott wave pattern. After wave A B C correction, seems we are now at the beginning of new wave 3, which should be the longest one with 1.6 fibo retracement of wave 1. Previous waves 1 to 5: W2 did not retrace more than W1, W3 was the longest, W4 didn't go beyond W3. New waves 1 to 5: W2 didn't retrace more than low of W1 so...
I mean is this really impossible? Is it probable? no Will I be trading it? yes this stock has always shown the clearest of waves and with precious metals & inflation on the rise, why shouldn't a company have some strong incentives?
Next few weeks will probably correct upwards, invalidated as an impulse but it can probably still rise some. This places it around the .5fib and the top of the channeling.