Long SKL

Dec 20, 2023

SKL has been consolidating above the long-term trendline and forming a phase D of an accumulation schematic (Wyckoff).

For these reasons, a long set-up is proposed as in chart.

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Dec 20, 2023

Note

TP1 hit witt +10% profit from entry

Dec 22, 2023

Note

TP2 hit, +23%

Dec 26, 2023

Trade closed: target reached

TP3 (and final) hit, +44%

Dec 27, 2023

Note

Although the target of 44% was hit but SKL seems to be still very strong with +34% more (until now). If someone has any news, I'm interested in. Thanks