SKHY bull thesis: break above $200 leads to upside; bear risk: large green candle followed by inside candle signals potential reversal.

PKM is asking about SKH Heinix. That's sticker SKHY. This has a pretty good looking daily chart. We actually talked with Charlie Moon yesterday about this as well. Um, he actually liked this.

He had a thesis here where this might actually kind of catch up to some of the other memory names.

Looking at this daily chart here, we had uh the move down from the IPO. There was also some let's just call it summarize it by calling it rigomearroll about the uh owner's divorce that's going on in Korea.

This is also listed on Korea. There was some discrepancy about who's going to get the shares and how many shares and all of this. I'm not following the marital stuff there, but that actually caused the stock to move down.

We had a nice little impulse move to the high, pull back to the 20-day, and now a retracement back up towards that high 13. I don't know how you feel, but I really think that 200 is going to be a key level if this thing shows any kind of strength.

And if we break above that, you might have a run on your hands with this name.

Yeah, I think u if there is if you're going to see that strength, that volume that we're looking for here, 200's on deck for SKHY,

Here's what's concerning to me at the moment. Look at every large candle that we've had uh so that this has been trading on the US exchanges. I know there's a lot more history on the Korean exchanges, but look at every large candle we've had since this has been on here.

And if the that large candle is followed uh the next day by an inside candle, price action has been to the downside.

So, first green candle we have July 14th. Look at the next day inside red candle and then a downtrend. Yep. Right. Next uh green candle. Uh you know, you could look at a number of these.

There's uh you had you had a well you had a positive uh green candle and inside candle on July 22nd that led to a pop and drop. But the point with these is that if you look at uh every other every other green uh large green candle that has an inside candle uh that's you know a bearish inside candle that to the uh um the following day it's led to uh you know either sideways price action or downside.

So, depending on how this uh this candle we get today looks, um that could it could either mean that we're going to fly through 200 or we're going to reverse and come back in towards the 20-day SMA where there has been support.

Yeah, decent pattern to keep in mind here. Uh we had another big green candle Wednesday, September 9th, that took us to the all-time high, which was 200. The very next candle technically peaked beneath it.

The wick only. The body still closed on the inside. The very next candle was completely inside. And guess what happened after that? We had a little bit of a gap down and another downtrend.

So we I think 13 just kind of going off of this. I know the stock's down 2% here. We actually want to see this take out the high from yesterday. That value for all of you uh marking that down there 19648.