SK3 Group (OTCPK: SKTO) has been moving in an upward direction...and that typically attracts an increased demand for shares.
So, watch SKTO because the symbol is poised to continue its rise.
I've been looking at this symbol a possible breakout candidate. And the chart below of SKTO was one that I analyzed last week before I introduced it. Basically, I wanted to utilize it to illustrate simple points that traders could benefit from...
This is a common example of what a stock looks like as it "walks the band."
Now SKTO has just slightly consolidated into more attractive leves(which I might confidently say happened on low volume)...So with the buying pressure I expect to see this week, the investment community could react very positively since SKTO is again poised for a "Walk the Band BREAKOUT!"
And those have proved to be some of my biggest money-making stock picks!
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As I mentioned earlier, the Bollinger band is moving at about a 35 to 45-degree angle which I think is great.
And, it's a great indication of the direction that SKTO could go.
It could also suggests that resistance appears to be low.
So, watch SKTO trade. I believe it could provide above average returns seeing how accumulation is expected to increase all next week.
And, if it is developing into the BREAKOUT candidate my research indicates...SKTO could put many early entrants in green territory by St. Patricks Day this Wednesday...
...and if you're not planning to wear green then plan on seeing your account in the green!
Good luck and happy trading...