SKX on the rise, and will be a fantastic swing trade

SKX 2.55% has been on a trend upward since the end of 2016, and its not breaking now. The Q2 earnings went well and there is a massive gap that will be filled soon. It was severely over sold on the gap down and now if you look at the MACD it shows a bullish cycle ready to begin. The support line at 21.20 may be hit again before it goes back up but be on the lookout for higher highs and higher lows for a tell tale that its on the rise.

I bought once it passed the 21.20 and I recommend you do to. Will keep you updated on what's going on...

Commentaire:

$29.20 is what i meant, we're struggling at the resistance line but we will be popping past that soon