Stocks to watch for March (Buy) SCG ScentreThe chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $10.
More on cup n handle pattern.
www.investopedia.com
SCG
SCG - Trade PlanMy trading Bias for SCG is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a breakout with energy, and expecting a potential 7-8% gain.
TP ~ $3.00 - $3.10
Stoploss - $2.55
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
