has done really well since the huge gap down on last ER. I have scalped puts on SKX
for 50% and 75% profit respectively. But I think I think it is time for some calls. Once 30 breaks, the MACD
should cross bullish
above 0. That's one of the strongest long buy signals. The downtrend will offically be broken. Also, 30 has acted as resistance in this previous run up. I don't like SKX
fundamentally, so I only plan to hold for a few days until chart shows reversal. Hopeful for a run back to 32 as this fills the gap.