Sky (SKY): Is Sky the Limit?

in #sky4 years ago


Sky is clearly patterning out a bullish Cup & Handle setup. In fact, it's complete and pretty much confirmed. When the Cup and the Handle formations are placed and price breaks out of the handle upper trendline; it's confirmed. These are all happening within the parameters of a broadening pattern and price has bounced well off the lower blue trendline...this is bullish.

Two rounds of impulses provide the best confirmation of a trend reversal. The first round seems to be in and the curren minor correction should reach the prior blue wave 4 zone or maybe lower. The second potential impulse round is shown in blue. Given that the MACD is also oversold; the red B wave of the correction could generate an overnight bounce.

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Ups and down are the part of life but once the bull run will start we can say that the sky is the lime atleast for some

Great Informative analysis haejin, never disappoint with each post!

excellent post friend. Greetings from Venezuela. God bless you

Any chance you can do one for PRL?

Info @Post well noted.
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