SCLD

[traderjbr]

I like the way this chart is taking form,looks like another wave up..possibly an extended one

[traderjbr]

SCLD reporting earnings tomorrow,if all goes to plan I have a pretty nice near term target projection but Im going to wait and see for now..   

[traderjbr]

Traded over the previous 1.14 high intraday,1.89 & 2.58 are two possible targets that I have projected if this is the extended wave.Still too early to call but so far its heading up in the right direction.

[traderjbr]

50sma coming up to meet the 200sma.The turnaround plan seems to be working out..

[traderjbr]

Nice move this morning,we know its not just the news today

[traderjbr]

Another contract yesterday and a small insider purchase at 1.20 on the 18th of Jan.

[traderjbr]

More insider buying showing up..

www.insidercow.com

[traderjbr]

still making progress,price breakout on the 60 min chart today

[traderjbr]

The failure to reach the previous targeted goal of around 1.89 mark has lead me to revert to my best alternate count.This pattern hasn't been the easiest one for me to figure out but for now I'm going with an upward A,B,C.

[traderjbr]

News this morning,co announced it has received over $1 Million in new software appliance contracts  and an increasing backlog.

http://biz.yahoo.com/prnews/070502/new042.html?.v=5

[traderjbr]

Watching Scld again as it tries to grind its way higher after the crash from 1.7's. If the pattern off the low continues it might make another test between the 38 & 50% fib zone on a spike.