SCRT - $5.53 Next

SCRT got rejected from the 1.618 fib at $2.71 and will likely continue down towards the 1 or 0.786 fib at $2.09 and $1.88 respectively. Once these zones have been established as support zones, we could see a move towards $2.71 again. If the resistance at $2.71 breaks, we could see a move towards $3.70, $4.69 and $5.53. Failure to break the resistance could lead to a drop towards $1.72, $1.47, $1.24 and $1.11.