$SKHY appears to have hit a local bottom at its current price levels. The stock is currently testing the lower support boundary of its bull flag formation.
There is a strong setup for a potential rebound from this trendline support. If the bounce holds, the price could target the upper boundary of the flag pattern, heading back toward the 190 zone.
Quick Trading Breakdown:
Pattern: Bull Flag
Current Status: Testing bottom trendline support
Upside Target: 190 zone (upper trendline resistance)
There is a strong setup for a potential rebound from this trendline support. If the bounce holds, the price could target the upper boundary of the flag pattern, heading back toward the 190 zone.
Quick Trading Breakdown:
Pattern: Bull Flag
Current Status: Testing bottom trendline support
Upside Target: 190 zone (upper trendline resistance)