Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Thursday, September 7, 2017

SOUTHERN COPPER CORP COM SCCO: NYSE



“At the very basic level, a market can only do two things: trend or consolidate. When trending, instead of worrying when the trend will turn/change, go with it. Assume the trend to be intact until proven otherwise. Innocent until proven guilty!”

Cooper prices are decidedly in an uptrend the last 3 months, so are the shares of SCCO.







Short figures are inconclusive
Company                 8/15/17                   7/31/17                   Chg          % Chg      % Float    Days to cover          Avg daily
Southern Copper     5,904,510                6,145,079                -240,569 -3.9          7.2           7                              792,112
 
Five years cooper prices shows a downtrend until around half 2015, then a small consolidation followed by what appears to be the starting of an uptrend.



SCCO is trading at its five year high.


 

Good riddance Irma






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I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick