Got in this morning and found a couple of charts that I missed in last night’s post.
$SKUL was previously stuck in a massive descending triangle before that massive quick drop. The target it generated when it broke that pivotal support was around $7.85, which is where the stock is trading around. Short interest in this name is eye-popping and I’m thinking because it’s so oversold and hated, it can trade back up to $9 by mid to late December.
Questions? Comments? Leave me a reply.