Hey guys!
Several signs tell us that buying SC could be a great chance to grab some profit.
1. We broke out of a major downtrend on 28.06.
2. RSI break out of falling wedge
3. Forming and sucessfull tesing of 155 Support area (3 times)
My oppinion is, that we cant do a big mistake here. When we buy now, and set SL below our Support area, we got a nice RR.
My target will be between 188 and 222, most likely short below 200 as a natural resistance area and next to 50% fib area, but depending on the action within the next days.
So RR is >2. Let' hope the best.
Happy trading!
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility
Several signs tell us that buying SC could be a great chance to grab some profit.
1. We broke out of a major downtrend on 28.06.
2. RSI break out of falling wedge
3. Forming and sucessfull tesing of 155 Support area (3 times)
My oppinion is, that we cant do a big mistake here. When we buy now, and set SL below our Support area, we got a nice RR.
My target will be between 188 and 222, most likely short below 200 as a natural resistance area and next to 50% fib area, but depending on the action within the next days.
So RR is >2. Let' hope the best.
Happy trading!
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility
Comment:
got wong on my RSI analysing ... ignore that :P