Three weeks ago SKUL printed its all-time low of 5.98. On a daily basis it did it on 2.65 M shares. It tested, within 3 cents, on Tuesday with only 676K and closed higher. On a weekly basis it came down on 4.99M shares and looks like the test will be on around only 2M shares.
Since they can't seem to take it down, they will have to take it up.....back up to test the reaction bar of Feb 12th with a high of 6.94 or at least to the low of that bar at 6.60.
It certainly feels like this is forming somewhat of a bottom/gaining a bit more strength. More green this week than there has been for a while. Here's hoping you're right and there's more to follow next week.
It will be a good sign if this stock ratchets up before earnings Thursday after the bell. On November the 2nd a few hours prior to the close and announcement of Q3 earnings it went south in flurry. Not saying anyone had pre-release info then. (that was a tongue and cheek statement)