TechnicallyCorrect

SKX Bullish Breakout

Long
NYSE:SKX   Skechers U.S.A., Inc.
Very nice trendline breakout from SKX after a double bottom on support from the gap and the 50 EMA.
Comment:
Excellent small inside bar today after yesterdays big breakout bar. I'll be placing my entry order tomorrow if prices go above the high of today's inside bar.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.