$SCR this bearish candle isn’t finished yet.
With a turnover of 4.62 million and volume of 209 million shares, trading volume increased by nearly 40% compared with the same intraday period yesterday, yet the price was smashed from 0.0242 to 0.0194 — a classic volume-backed breakdown, not a shakeout. 0.0194 was the intraday spike low, but it failed to recover above 0.021 by the close, showing insufficient buying support.
Short-term resistance is around 0.022; only a firm hold above that gives reason for a rebound. If 0.019 is lost, the next level to watch is 0.0175. Keep stop-loss at 0.0185, first aim for 0.0240, then 0.0270 — risking 1 point for 3 points of upside.
For stocks that drop on heavy volume, they need to consolidate on lower volume before a bottom can be confirmed; tonight’s volume is the key. Do you think 0.019 can hold?
#SCR
With a turnover of 4.62 million and volume of 209 million shares, trading volume increased by nearly 40% compared with the same intraday period yesterday, yet the price was smashed from 0.0242 to 0.0194 — a classic volume-backed breakdown, not a shakeout. 0.0194 was the intraday spike low, but it failed to recover above 0.021 by the close, showing insufficient buying support.
Short-term resistance is around 0.022; only a firm hold above that gives reason for a rebound. If 0.019 is lost, the next level to watch is 0.0175. Keep stop-loss at 0.0185, first aim for 0.0240, then 0.0270 — risking 1 point for 3 points of upside.
For stocks that drop on heavy volume, they need to consolidate on lower volume before a bottom can be confirmed; tonight’s volume is the key. Do you think 0.019 can hold?
#SCR