💎 SKL has certainly piqued our interest. Currently, SKL is showing a notable bounce from a robust demand zone and is navigating within a descending channel. For SKL to confirm a bullish trajectory and continue its ascent, it needs to break free from this pattern. At the moment, SKL is on its way to challenge the resistance trendline of the descending channel.
💎 However, if SKL struggles to surpass this resistance and subsequently breaches its strong demand zone, it might be headed towards its key support level.
💎 On the flip side, if SKL successfully breaks out of the channel, it could smoothly sail toward the supply zone, potentially even reaching the bearish OB.