Two weeks ago, SCC bottomed out at 127.50 to rally to as high as 160 last week. If you'd notice, this sharp move broke SCC's trendline resistance of 150. The mere fact that it is currently consolidating at its highs is bullish. SCC now looks like it is just resting before continuing higher. A break above 160 may potentially bring SCC to 185 but mind resistance at 170. Buy if breakout.
Caveat.
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