$SKYW | How to Take Advantage of moves in ($SKYW) (SKYW)

By Thomas Kee

$SKYW | How to Take Advantage of moves in ($SKYW) (SKYW)

The technical summary data tells us to buy SKYW near 101.83 with an upside target of 112.44. This data also tells us to set a stop loss @ 101.54 to protect against excessive loss in case the stock begins to move against the trade. 101.83 is the first level of support below 109.51 , and by rule, any test of support is a buy signal. In this case, support 101.83 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of SKYW as it gets near 112.44 with a downside target of 101.83. We should have a stop loss in place at 112.76though. 112.44 is the first level of resistance above 109.51, and by rule, any test of resistance is a short signal. In this case, if resistance 112.44 is being tested, a short signal would exist.

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