Transcription
Hello friends, welcome to my channel. So, we are going to discuss about SKK stock or SKK Holdings Limited. Now, you can clearly see we have a massive upswing over here and the stock from the lows has moved more than 250%. But please understand a couple of things.
Number one, we have limited amount of data to talk about. So, if you, uh, want to go beyond a certain point, then obviously let the stock expand. Do not try to assume that something miraculous will happen now because the stock has already moved quite a lot. What is mandatory for SKK stock is a sustainability and obviously it must not fall below at least these two lines which are now our support and stop loss.
So, because the stock is trading above 1.63 and 1.88, so 1.63 will now become your stop loss below which the downside will start again. And if you are looking for further gains, then let it surpass and sustain above 1.88 or more, which it is right now. So, so moving forward, the condition is moving forward. If SKK continue to trade and sustain above 1.88, then the immediate target which we have in front of us will be 2.72. And once the stock surpasses 2.72, then it will try to recover or retest its previous highs, uh, or the recent highs, and it will be in between 8.4 and 11.9 moving forward.
Now, you can clearly see that, uh, as I told you, the stock has, uh, very limited data. But the, the data or the price behavior is extremely volatile. So, if you want to be in this particular stock or these kind of stocks, you better understand what if the stock does not work out and suddenly turns volatile. In that case, you can, and if you don't know how to handle those kind of situations, it will be a big, very, very big problem for you.
So, for SKK, uh, it is mandatory for the stock primarily to keep on trading and sustain above 1.63 and 1.88 because if the stock continue to trade and sustain above 1.88, then we only have 2.72. Only if the stock surpasses 2.72 or beyond, then we can go for 8 or 11 or 12 moving forward, which are not sustainable, by the way. And meanwhile, if the stock falls below 1.63 or lower, downside may resume once again. So, you have to understand all these things before entering into the trade.
So, this is the end of the video. Thanks for watching.