$SCCO Bullish Copper Chart
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 upside.
I'm long the JUN 90 calls to give this trade time to work , with 2,300 OI
First price target $96
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 upside.
I'm long the JUN 90 calls to give this trade time to work , with 2,300 OI
First price target $96
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