$SCCOLooking for breakout in NYSE:SCCO as a beneficiary to copper squeeze. Chart looks good for another pop. Strong reclaim of 50DMA, RSI bullish divergence, and bullish MACD cross replicating action before last breakout.
scco copper looking at the weekly copper chart as it continues to move to the upside scco NYSE:SCCO #scco
Copper Equities Breaking Down, Is tthe economy?Copper is very close to losing criyical support.
If this daily chart trendline breaks, there is a big move down into the next support.
Copper Equity stocks are already teing us aa likely breakdown in the commodity is coming.
Is this base metal signaling weaker economic demand & growth?
SCCO bulls struggle at current highs.SOUTHERN COPPER CORPORATION - 30d expiry - We look to Sell at 77.48 (stop at 81.21)
We are trading at overbought extremes.
Posted a Double Top formation.
Bespoke resistance is located at 78.70.
Resistance could prove difficult to breakdown.
Early optimism is likely to lead to gains although ex
$SCCO nice seconddary base coming to the 20 SMA
Watch list for the Feb. 21 $BTAI $BURL $DOV $DKS $SYK $ESAB $STLD $NUE $BLDR $AEHR $SCCO. Earnings out front of some of these. $RXDX $MCHP $ELF and $MSI shaping up nicely.
Southern Copper top?Southern Copper Corporation has been on a tear the past 2 weeks since the China reopening news. Eventually within another week or so, copper will hit its top resistance level. Here's a SCCO 1 week chart and HG1! comparison using my TTCATR(beta) indicator set to 9 with my commodity channel index comp
SCCO:Correction or Reversal?SOUTHERN COPPER CORPORATION
Short Term - We look to Buy a break of 48.98 (stop at 45.51)
Price action produced another positive week, last week. Trading within the Wedge formation. The bias is to break to the upside. A higher correction is expected.
Our profit targets will be 58.22 and 60.0
$SCCO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SCCO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Southern Copper Corporation ($SCCO)SCCO has repeated this pattern 9 times in the past and 78% of them resulted with lower weekly closes.
If history repeats again, it is possible that the SCCO will close below $47.38 this week.
Trade Idea:
Sell SCCO at market
Stop-loss: $50.18
Duration: 1 week
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Displays a symbol's price movements over previous years to identify recurring trends.
Curated watchlists where SCCO is featured.
