SCCO trade ideas
Southern Copper SCCO futureI mean is this really impossible?
Is it probable? no
Will I be trading it? yes
this stock has always shown the clearest of waves and with precious metals & inflation on the rise, why shouldn't a company have some strong incentives?
Southern Copper SCCONext few weeks will probably correct upwards, invalidated as an impulse but it can probably still rise some.
This places it around the .5fib and the top of the channeling.
SCCO Southern Copper Corporationwe reached the end of C, needs to break resistance here on LTF to become a wave 3
SCCO in watchlistI think breakout of the upper boundary line of the base channel gives confirmation to find a trade setup.
SCCO - wedge breakout and retest. Small risk buy opportunityNYSE:SCCO We can see a wedge breakout on heavy volume, small decline and retest. Probably, it is a second chance to enter long on this price level.
$SCCO can rise in the next daysContextual immersion trading strategy idea.
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $80.45;
stop-loss — $77.04.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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SCCO —> the copper giantSCCO is one of the company dealing in copper and copper mining, it has kind of monopoly over copper. With recent EV demand , copper demand will also increase.
Right now it is offering a very god entry point near its stron support. Overall it has finished with cup and handle pattern . It should test 75 levels soon.
Idea is for entertainment , its not a trading advice
I hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice. Dont forget to like , follow me and check my other ideas.
Southern Copper Mining $SCCO set to resume r=0.98 weekly uptrendProvided that we aren't about to see the market dump itself, I think this has a great chance to recover from here and continue its strong uptrend. Watch the market and manage your risk.
After testing Support SCCO go up againAfter testing the Support Level, SCCO go now up again targeting new highs
Copper demand for batteries Copper is among one of the key ingredients in building batteries, and with the current boom in solar and ev batteries, and copper price has been rising, I believe SCCO is poised to go higher, much higher.
Copper, Lithium, Nickel are 3 key components in batteries. Tin is also used for soldering the joints
2.2B cash and P/E 20+
not a bad one to get into
$SCCO with a bullish outlook following its earnings #BeststocksThe PEAD projected a Bullish outlook for $SCCO after a negative under reaction following its earnings release placing the stock in drift D
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$spy If you are patient I think $scco and $hg_f are good shortsHeavy commercial short positions in copper at these levels. Be patient and let it play out
