011790 is embarking on a double zig-zag wave and is likely at the next leg corrective wave B as price action shows a clear breakout of the consolidaitve range, which happens to be at the bottom of the descending channel. Next up, Ichimoku has shown a bullish kumo twist and prices are trending above both the conversion+base line and the lagging span. Stochastic oscillator is oversold at the moment and should provide a support of a rally. Hence, we believe that SKC is likely to rally in the mid-term towards 138K and 160K
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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.