Extended double three corrective wave

011790 is embarking on a double zig-zag wave and is likely at the next leg corrective wave B as price action shows a clear breakout of the consolidaitve range, which happens to be at the bottom of the descending channel.

Next up, Ichimoku has shown a bullish kumo twist and prices are trending above both the conversion+base line and the lagging span. Stochastic oscillator is oversold at the moment and should provide a support of a rally. Hence, we believe that SKC is likely to rally in the mid-term towards 138K and 160K