Skyline Holdings headed to bottom of parallel channel

Skyline Holdings has formed a new parallel channel, with long-term trendline support at its channel bottom. It's currently oscillating toward channel bottom, but with great analyst ratings and a recent earnings beat, we should see another upward oscillation after that. Buy long near the trendline.

As always, this is just an idea about how the market will move, not investment advice.

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I purchased near channel bottom and got a beautiful pop this morning!