Hammers/long lower shadows at this level bode well short term
for SCTY. But, I didn't take this one... with falling oil prices and potentially a weak overall market, this smells a little like it might the time that this pattern breaks down.
That being said, even if it leads to a small short-term rally to $52-ish (which is entirely possible given the volatility of this stock), that'd still be a good trade.
That being said, even if it leads to a small short-term rally to $52-ish (which is entirely possible given the volatility of this stock), that'd still be a good trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.