SKL has been consolidating above the long-term trendline and forming a phase D of an accumulation schematic (Wyckoff).
For these reasons, a long set-up is proposed as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Note
TP1 hit witt +10% profit from entryNote
TP2 hit, +23%Trade closed: target reached
TP3 (and final) hit, +44%Note
Although the target of 44% was hit but SKL seems to be still very strong with +34% more (until now). If someone has any news, I'm interested in. Thanks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.