SCGM - Recovering?

Weekly chart shows SCGM has been in a long spell of decline since forming a bearish shooting star in late July last year.  Recent price action, however, looks encouragingly positive. It shows SCGM has been trading in a falling wedge pattern with its MACD progressively tracing higher lows while its prices are making lower lows. This suggests the selling pressure on SCGM could be slowing down setting it up for a potential bullish move moving forward.


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Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.