I was out today, could not watch the market, and thinking, I should set an alert on SKUL.
I just checked chart tonight...DANG! The test of $6.55, a close above it, and on way lighter volume.
Forget the news, forget the downgrade; it's just a distraction. There was no supply under 6.55. It was a no-brainer, low risk buy. Anyone who took it, congrats.
So now that 6.55 has been tested it can go up and test 7.40, and maybe even 7.79. It's still not a long position trade until a sign of strength comes in to prove demand, but it's now trade-able.
It's set up pretty nice intra-day as well. It went down and tested in the first 10 minutes. Then the 3rd 10-minute stick before the close tested the top of that 1st 10-minute bar on lower volume, and closed above it. It looks good.