SKYY cloud index is about to complete a head and shoulders formation on increasing volume. The moving averages are tucked up nicely right underneath the recent price action upward. I expect this to breakout upward toward the $61 price level where it will reach upward resistance. The formation of the head's range is rougly $4.5. A break upward into resistance...
SKYY follows a medium term channel with the comfirmation of the fibonacci supports. In addition, bright future of the cloud systems is another feeder of its momentum.
Moreover, fundamentals of it may be accepted as reasonable: