SCC:
- Trading Sideways since November 2017
- Trading along the 200 MA (Weekly Chart)
- MACD Below 0 line (Daily Chart)
- Price is at the border of the lower Bollinger Band (caution)
- Consecutive red candles (Daily Chart)
SCC has been trading sideways for some time now within a ranged pattern from 35 to 39 pesos per share.
Range trade at your own risk. Buy at around 35 and sell at 38-39. RSI is showing bullish divergence, but other oscillators show sideways to downward momentum. Caveat.
These are merely my own analysis as a swing trader, and not any recommendation to buy or sell. Please study the charts and stocks before executing your own trades.
Learn how I analyze stocks using my trading system.