My trading Bias is Bullish for SCP as Earning Report is out of the way now, and after smashing surprise positive earnings.
On the technical front, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA.
TP - $2.50 (Potential Gain 5%)
TP - $2.60 (Potential Gain 5%)
Stoploss - $2.250
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
On the technical front, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA.
TP - $2.50 (Potential Gain 5%)
TP - $2.60 (Potential Gain 5%)
Stoploss - $2.250
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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SCP is consolidating but I believe it should move higher soon.
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SCP progressing well and going according to plan. Expecting price to move further up!