SCL 0.00% 48.0¢ schrole group ltd

SCL Technicals - Upside breakout on increasing volume, page-49

  1. 5,642 Posts.
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    The stock today closed at a 52 week high.
    It hasn't closed at 2.5 in 52wk The prev highest closes are 18 Nov @ 2.3 with high 2.5, 20 Nov @ 2.4 with high 2.6, 22 Nov @ 2.4 with high 2.5, 28 Nov 2.5 with high 2.5 yesterday.
    The trading bands have been 7 Nov to 15 nov, 2 to 2.2
    18 Nov to now, 2.2 to 2.4.
    We have had a few breakouts past resistance on 18 Nov for 2.5, 20th for 2.6, 22nd for 2.5 but those were highs and the closes were 2.4 or below resistance.
    Todays close of 2.5 is a breakout over the 2.4.
    Today's close 2.5, if stock goes up tommorow, there is no real short term resistance to overcome like we have had. It's blue sky, any higher prices will set new 52wk highs. Today we had the same flagpole jump as we did on 1/11 also.
    Last edited by mode1971: 29/11/19
 
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