SCOMNET - Breakout!
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| SCOMNET Weekly Chart |
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| SCOMNET Daily Chart |
On Apr 01, 2024, I wrote SCOMNET has been moving sideways since Jun 2023, tested its support at 1.21 twice bouncing off with above average volume, and, a move higher looked likely. See link below.
Yesterday(Apr 24, 2024) SCOMNET staged a breakout with heavy volume, took out two resistance zones and halted only at the 3rd resistance zone (1.49-1.55). The next resistance zone is at 1.61-1.65.
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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.
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