SKL is in a good place to make a long position. Short term price action will dictate the outcome. New bullish trend potentially forming on 4hr Heiken Ashi.
Just some simple trend lines, and resistance/support. There seems to be an inverse head and shoulders forming over the last 30 days with the head at the support line. If price breaks down we will follow the lower trend line, if price breaks above the trend line we should see an upwards trend. I am a total TA noob :P take this with a grain of salt if even that.
