Sky Quarry Inc (NASDAQ:SKYQ) has seen its stock price skyrocket by 250% since the beginning of April, with a notable 84% increase occurring within just five days. This surge is accompanied by a bullish technical indicator known as a Golden Cross, where the short-term 50-day moving average at $3.81 has crossed above the long-term 200-day moving average at $3.74. Such a crossover typically signals a strong upward momentum, which traders are keen to pursue. The company's recent performance is not merely a technical phenomenon; it is also tied to broader geopolitical factors. With Brent crude prices surpassing $110 due to rising tensions in the Strait of Hormuz, investors are increasingly looking for domestic oil exposure, bringing Sky Quarry's Nevada-based Foreland Refinery into the spotlight. The company has recently completed significant upgrades to its refinery, enhancing its operational capabilities. However, despite the bullish indicators, Sky Quarry remains a high-risk investment with a market cap of around $35 million and a recent 1-for-8 reverse stock split, making it a high-volatility trade in the market.