SCC : Outlook for Feb 21st
February 20, 2011 Leave a comment
SCC has near term resistance at 320-321, and may take a short while to break above this barrier, but we suspect it will manage to do so, with a subsequent move to 327-328. The stock has a far more important bad of resistance from 338 to 342, but for a move to such heights it will need the SET Index to rally to nearer 1035-1040.
Consider entry at or very near 314-315 if there is a spot of early week selling, with 327-328 the initial target.