SKLZ Possible Swing Trade In The Making
Updated
News for the day;
Skillz Shares Spike, Hearing Rumors Of Cathie Wood Purchasing Additional Shares; Unconfirmed.
Key Data: high level of short interest allowing for a possible short squeeze to occur.
Short entered in around the $30.00, if we pass this number, we may see massive skyrocket in price.
I do also believe fundamentally this stock is under priced.
What we want to see is the top trend line broken through and surpass $30.00, following a possible parabolic rally to occur.
Skillz Shares Spike, Hearing Rumors Of Cathie Wood Purchasing Additional Shares; Unconfirmed.
Key Data: high level of short interest allowing for a possible short squeeze to occur.
Short entered in around the $30.00, if we pass this number, we may see massive skyrocket in price.
I do also believe fundamentally this stock is under priced.
What we want to see is the top trend line broken through and surpass $30.00, following a possible parabolic rally to occur.
Comment
Just broken $20 there is no more resistance.Comment
Dark Pools are still buying heavily, Current Option, (Derivatives) suggesting Pivot Point at the $20 representing Market Makers hedging with profit taking causing prices to lower. Stock Limit Orders - (Support lies at 18.50 - 18.00) (Resistance 20.00 - 21.00 - 21.50)Comment
Although this is down, with knowledge of earnings coming up, and options now working with stock prices, good time for dollar cost averaging.Comment
Support Currently is at 15.00 If broken on Friday, the stock will continue to fall.Disclaimer
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