SSKN 2x potential at leastProbably moving into range high again. 83% revenue growth perspective, undervalued compared to competitors. Not a bad play. In spot.
SSKN trade ideas
SSKN - Downward channel breakout long from $2.23 to $6.43SSKN was running within a long term downward channel and now seems breaking out. It has lots of insider buying and strong twiggs money flow index. We think it has good upside potential.
* Trade Criteria *
Date First Found- August 7, 2018
Pattern/Why- Long term upward channel
Entry Criteria- $2.23
Exit Criteria- $6.43
Stop Loss Criteria- $1.93
Indicator Notes- Twiggs money flow accumulation
Please check back for Trade updates. (Note: Trade update is little delayed here.)
momentum indicatorshows that price will bounce back to high of new trend or higher.
50/ 200 DMA golden cross on hourly indicates new short term trend near or has started.
Inverse Head and Shoulders ON WATCHWithin symmetrical Triangle & MACD showing + divergence! Measuring rule implies ≈40% increase w/ decisive breakout. Initial PT 1.5, 2nd 1.9.
MACD also broke out of downtrend from April17, and Momentum moving positive on multiple time frames.
Revenue, Net Income and EPS increasing on annual basis. 13D Filed 2nd documenting Activist Shareholder group demanding requesting announcement of strategic alternatives by 22JAN after declining investment that would have resulted in dilution.
