Plain as day on the Daily Chart - I know you like the volume bars and price levels but gotta make you a little nervous no Onepoint? - Guess we will see - textbook bull flags have not been panning out for me lately but this looks like one - consolidation above 14.90 with the bull flag/pennant after the climb from 13.50 -
Good luck to all ...
I'm not as good with the actual candlesticks - still just learning the flags - but i think the bull channel still fits and any time we trade over 15 on decent volume it is good for the good guys - we need a close above $15.20 and/or $15.40 - those are two big lines that are defended every day the way I see it -
The trading was so slow on SKUL at the open this morning I had to check my internet connection. Then the last hour, where you'd expect the F & I 's to make their moves, it finally broke down hard (relative to the day) and leading the S&P. I think the money is flowing to fewer and fewer stocks and this isn't one of them. So, that's the bearish part, so it wouldn't surprise me to see this shed some more points in the AM to provide fuel to the S&P. I'll wait til then to judge the reaction; 14.90 may become resistance. But yes, I agree the general market has still got some room to run.