OTC BB Pulse: Charting and Darting

[Bernard Ng]

SCMR has formed a descending triangle, a bearish pattern. You know that it related to NDX overall action pretty close...

Basically, I think we are at the right moment to start a strong short below $29... and see you at $20 according to the chart... but who knows, just take the profit with a trailing stop loss, but strong short below $29 is what I will do. On the other hand, if it somehows bounces back tomorrow, then it might reach $40.

My take is... it's a bearish pattern about the breakdown at $29, take the short side.

signed,
Bernard