Sky One (technical)

Sky One: share price was rising in an unusually stable fashion from Dec '12 to mid Oct '13, and then featured two flash crashes in mid Oct and mid Nov this year. Such patterns are not usual, and make it difficult for accurate technical analysis. Nevertheless, near term, the counter may have bottomed out and may be at the cusp of a turnaround. Positive signals include break up above the 20day MA, rising RSI from oversold levels, and rising MACD. Price objective at the $0.20 resistance, cut loss at the $0.10 support. The volatility of this penny stock means it is not for the faint of heart.