SCOMNET 2/8/2020

٢ أغسطس ٢٠٢٠

Healthy upward trending counter. It has been consistently undergoing minor flag breakouts along the uptrend line. Would be good for short term trade if it can break above the immediate resistance 1.620 level.

EP: 1.625
TP: 1.785
CL: 1.550

٣ أغسطس ٢٠٢٠

ملاحظة

it has broken out above the crucial 1.62 resistance line and almost immediately re-tested the line as a support . If it does not break below this support, it should be good to keep. Lets see if it will go further.

٥ أغسطس ٢٠٢٠

ملاحظة

EXCELLENT breakout, as predicted earlier. Now the then-resistance has turned into support.