Time to short OIL $SCO going higher

$SCO has been forming a bottoming pattern for the last couple of months is about ready to break out. Upon breakout, I can see the first big target being $11.53 which would be the 50% retracement of the move.

Let's see what happens over the coming weeks.

評論:

I'm out of this trade for a small $.10 loss. Doesn't look like it's time yet.

評論:

Keeping an eye on this... It looks like it could make a move very soon

評論:

Reentered this trade via calls and spot at $4.55