TaPlot

$SCL forming 4 Month #HeadandShoulders Continuation setup

Lång
NYSE:SCL   Stepan Company
SCL has been trading right below its ATH zone forming a 4 month continuation head and shoulders chart pattern. The $119 neckline price level has been tested multiple times in the last few weeks. A daily close above that level will send the stock back into ATH territory and trigger a long swing trade. Stock been holding very well against the market sell off and should act strongly if the market firms up and turns around.

✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel www.youtube.com/@taplot
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.