MAs are perfectly lined up to support a massive upswing.
SKL has explored lows like no other. Enough is enough!
A double bottom formation spells positivity.
MACD is back up to create the right setup.
RSI is poised to move into upswing territory.
Buckle up folks! Buckle up!
SKL has explored lows like no other. Enough is enough!
A double bottom formation spells positivity.
MACD is back up to create the right setup.
RSI is poised to move into upswing territory.
Buckle up folks! Buckle up!
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The breakout out of this descending channel in the 1D timeframe would follow a massive rally for sure. The target in the mid-term is 1.2.
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We have a confluence of support and few resistance zones left to be taken out! Let's see how the daily candle and the current 12H candle close!
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Still waiting for the breakout. Nice squeeze.
Still waiting for the breakout. Nice squeeze.
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Right now, we're sliding down in a descending channel, and a breakout upwards could save the day, literally. In case, it descends further the next support area is a green line. Also, the resistance is a red line; however, it is not the only resistance zone we face at the moment. Don't forget the big picture: we're in a falling wedge.
Plus, MACD in the 1H timeframe is trying to have a positive cross and the STOCH RSI is trying to turn its nose up, but for now it's a feeble attempt.
Right now, we're sliding down in a descending channel, and a breakout upwards could save the day, literally. In case, it descends further the next support area is a green line. Also, the resistance is a red line; however, it is not the only resistance zone we face at the moment. Don't forget the big picture: we're in a falling wedge.
Plus, MACD in the 1H timeframe is trying to have a positive cross and the STOCH RSI is trying to turn its nose up, but for now it's a feeble attempt.
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IMHO, SKL is ready to climb. It has taken on EMA50 now. If conquered, an upswing will be in the cards.
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It is this time or never! Buckle up!