SCTY update September 5

SCTY: we haven’t presented much on this ticker as we still believe it’s not yet at the levels where a nice long term buy and hold would be fantastic. Namely, our target remains in the $4 for this one and nothing in the charts has disproven our POV. Instead we now see 3 different wave-degree Fib-extensions target our preferred price level: Red intermediate (138.2%), green minor (76.4%) and orange minute (138.2%). Hence, Musk’s pain isn’t over yet and still has some ways to go.

Alternatively we are looking at a low in the $9.30 zone: IPO open price and also overlap of intermediate, minor, and minute Fib-extensions.

scty