$SKX
Added 2023-11-21 07:29:47 +0000 UTCI am bullish on this chart and I have been for some time, the price action consolidated with the market pull back from August but it never looked like losing structure.
The price also pulled back to the shallow 0.38 Fib but found comfortable support here and has since bounced on this level and is now back above the 50 and 200 Day MA.
I like their products and their collaborations and most importantly like how they have moved into the clothing sector too.
$SKX has done a good job to work on its image of being only for elderly people who work on their feet all day, I believe their comfort and sole is possibly the best on the market right now.
Price needs to get above our blue line at $56.20 and hold above this level and this is into the bull case and Wave 3 is confirmed.
