Southern Copper (SCCO) shares are coiling tight in a long flag near recent highs after a strong January and closed strong the past few days after testing the lower edge of monthly value area. The stock formed a bullish engulfing candle Wednesday and looks poised to surge back to 80 with a breakout above value and likely eventually sees the all-time highs tagged at 83.29. A close below 72.60 would be a prudent stop loss level.