SKL has staged a drastic recovery, piercing through the upper Bollinger Band with unparalleled volume. The massive green candle signifies a clear shift in market control.
Why Long? • The daily chart displays an explosive bullish candle that has cleanly shattered the upper Bollinger boundary, marking a decisive break from the previous consolidation zone. • The MACD indicator is now crossing above its signal line in the negative territory, while the red histogram is just beginning to materialize. Paired with the monumental trading volume, this strongly suggests dominant active buying interest.