Possible Long Opportunity for SCI

2020년 9월 19일

Following is just my thought process. This is in no ways a recommendation. I just want to share and learn!
Kindly Trade at your own risk

Following Reasons for bullish view

1.) Price taking support at Weekly Trendline
2.) Price taking support at weekly HORIZONTAL support zones (Support zone can be found on zooming out the chart to Feb & Nov 16 time frame)
3.) Reducing Bearish momentum noticed by reducing range of the RED candles eventually ending in a long legged doji, possibly indicating exhaustion of sellers


Stop loss = 52.5
Target 1 = At-least 66
Would like to ride the trend by trailing stoploss

2020년 9월 21일

노트

Stop Loss hit