Long
SKL ascending triangle potential
SKL looks to be continuing an ascending triangle pattern as I mentioned before.
If the pattern continues, it looks like the next few days should be something to keep an eye out for a breakout potential around .85 with some resistance around the 38.2% Fibonacci retracement level. If that resistance does break (dashed red line), it looks like there is good potential toward the all-time high for SKL and potentially beyond over the next weeks/months.
There is still some potential for a few dips here and there, but support so far has been strong (red bottom line). Looks like a fairly solid pattern to keep an eye on at least.
If the pattern continues, it looks like the next few days should be something to keep an eye out for a breakout potential around .85 with some resistance around the 38.2% Fibonacci retracement level. If that resistance does break (dashed red line), it looks like there is good potential toward the all-time high for SKL and potentially beyond over the next weeks/months.
There is still some potential for a few dips here and there, but support so far has been strong (red bottom line). Looks like a fairly solid pattern to keep an eye on at least.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.