MSKY, succeed break downtrend channel confirmed with high volume! I expect this is the end of the downtrend too for overall chart because there are Bullish Divergence that indicate the end of downtrend movement. There are several strategy to win this trade. First, in 29 Dec stock will go down (auto rejection below) you can buy with stop loss in 348. Second, this stock will have price volatility ups and down (but not impulsive up <s400), then stop loss at 378. Third, this stock will have impulsive rally even (auto rejection up 25%) then you can buy at demand area (live trade), stop loss at your own risk preference). Target Sell @480, @570, and >600.
Please note that this analysis for EDUCATIONAL PURPOSE (applying theories to real market), NOT RECOMMENDATION FOR BUY & SELL as a PROFESSIONAL TECHNICAL ANALYST.