It initially broke out and I was late to the party. I fought the urge to chase, and I did a good job at that. Instead I waited for SCSS to come back down to the breakout level of $9.38, which it ultimately did. But my, hindsight 20/20 is a killer, and there was definitely a better entry to be had. The only thing I could have done differently, is with it coming back down off of its intraday highs at $9.48, I probably should have waited for it to settle first before jumping in. However, the breakout is still intact, though, for obvious reasons, I’d like to see it reclaim that $9.38 level before the close.
Here’s the SCSS Chart Analysis.
