SLGG - the new gaming platform, we are scalping it for 3 daysSLGG :
Love this stock! it’s a sneak attack!
Fundamentals :
Gaming platform that will monetize on the amateur to pro gamers by ads, tournaments, and eventually with subscription base. The gamers world is valued at 15B at the moment and if they will get 10% of that sector to pay as little as 5$ per month that could be massive -but that is very far of where they are at this point of time.
They have collaboration with big names such as Fortnite, Clash Royale, battleground.
They have media partners like Nick, twitch, Netflix, Instagram and sony.
They have 5M monthly hours of viewers engagements, 2.4M members on social media and 3M subscribers.
There is a lot of potential in this company and can be the next DraftKings of gaming world or the next Netflix of paid streaming.
Let's talk technicals :
1. first we have a steady strong trend up for 90 days with 77% rise, that took place between 3rd of Dec till 25th of Feb. that showed stability growth on catalyst!
2. Massive jump-started on the 1st of march – hate seeing that cause that took our stability away and put us in hype mode – prob the Reddit pump…
3. RSI overbought but has bit more left in it
4. VWAP at 5.6 – not good pullback to that area probably today!
5. Needless to say ADX is trending strong
6. Notice POC level is exactly on the 50% line (if you put only the relevant price action in the chart after the jump)
What now?
So now we have a jump of another 108% in 1.5 days of trading – not great! that means the drop will be just as massive – we will need to have a pullback to 5.3 (50%) in order to enter again and trade it stable..
Meantime we will just scalp it with a tight S/L and wait for the drop
Once drop happens we will see a 5.3 support level and we need to watch closely to see if it breaks that level down – if it does it cannot go below 4.6! if 4.6 is crossed we will see a gap fill all the way to 4.00
Which then I plan to buy the dip and go big! (not a recommendation!)
If we don’t see a break on the 50% line (5.3) we will converge on that level and start seeing an uptrend with stability towards the 7$ again – WE NEED TO conquer the 7$ stable for this stock to rally on.
The union is long on this stock because of catalyst and not because of a pump or anything else I think this stock can be worth over 30$ in less then a years time.
Volume analysis :
3 months avg : 2.56M
Gap up jump : 27M !!!
Yesterday trading session: 9M
The last 3 days of trading : 3.7M
Meaning volume is way higher and showing stability of hype in the stock in the last 3 days and if volume stays around 3M and above stock will keep trending (can be a massive trend down also -volume is not a bul or bear its just showing interest don’t forget that !)
FREE FLOAT: 18M
Not too small, not big !
Short interest -21% (460,000 from 584,900)
Short lowered since catalyst is big so bears pulled back – a good sign for more upside room till they will enter again
An important point to look at :
So Jung Mark a director in the company has bought over 9 times in 2019 and currently holding over 50k shares.
Trade safe and be safe! see you on the other side of the bear market, and stay strong!
Gaming
NintendoWho we are
Nintendo's mission is to put smiles on the faces of everyone we touch. We do so by creating new surprises for people across the world to enjoy together. We've forged our own path since 1889, when we began making hanafuda playing cards in Kyoto, Japan. Today, we’re fortunate to be able to share our characters, ideas and worlds through the medium of video games and the entertainment industry.
Nintendo of America, established in 1980 and based in Redmond, Wash., is a wholly owned subsidiary of Nintendo Co., Ltd. We are committed to delivering best-in-class products and services to our customers and to investing in the well-being of our employees as part of the global Nintendo family.
1. Nice lineup of games releasing this month and the new Switch!
2. Financials are BOOMING!
3. Summer coming up in a COVID summer!
My name is Ski Mask and I've been making bad decisions all my life....
Strike Price: $78
$U Time to long UnityUnity seems to have finished an a-b-c correction wave after earnings and seems to be on course to new highs. I wave 2 has been put in to the T of these fib levels, then we should see 180+ by the end of August/September.
SKILLZ“Our mission is to make gaming better by providing players with a fair and trusted competitive gaming experience and by enabling game developers to better monetize their content. We believe gaming is the future of entertainment, and in that future anyone can embrace their inner champion. The engagement we see from the players on our platform validates the connection they’re making with the community through competition,” continued Paradise.
Third Quarter Financial Highlights
Revenue grew 92% to $60.0 million during the third quarter of 2020, compared with $31.2 million during the comparable quarter in 2019 and the 19th consecutive quarter of sequential revenue growth.
Gross profit grew 92% to $56.9 million during the third quarter of 2020, compared with $29.6 million during the comparable quarter in 2019.
Gross margin was 95% during the third quarter of 2020, the same as during the comparable quarter in 2019.
Contribution grew 177% to $19.1 million during the third quarter of 2020, compared with $6.9 million during the comparable quarter in 2019.
Net loss was $(42.9) million during the third quarter of 2020, compared with a net loss of $(5.0) million during the comparable quarter in 2019.
Gross Marketplace Volume1 (“GMV”) grew 76% to $411 million during the third quarter of 2020, compared with $234 million during the comparable quarter in 2019.
Recent Business Highlights
Expanded traction of hosted tournament offering, with celebrities including NFL Super Bowl Champion Marshawn Lynch and World Champion Hall of Fame boxer Floyd Mayweather selecting Skillz to power brand-sponsored tournaments.
Launched first offline to online branded venue partnership with Bowlero, the owner of the Professional Bowlers Association and world’s largest operator of bowling centers. Bowlero selected the Skillz platform to blend physical and digital experiences for their 28 million annual players and build the future of competitive electronic bowling.
Powered mass participatory fundraisers for leading nonprofits through the Skillz Gaming for Good initiative, including events with the American Cancer Society, Comic Relief, and American Red Cross.
Watching this for Friday. I see some potential. Detail in photo!
Like, Follow, Agree, Disagree!
*Not investing advice
CRSR - ready your corsair mouse to click buyWaiting for the MACD divergence on CRSR to finalize then will enter Calls. Nice channel up, above 200EMA and Signal line below 0 ready to cross, pin bars forming and if you through the bollonger bands on also pinning off the lower band as additional confluence... Confirmation in TRND bot buy signal sent to my phone will enter.
If you like the idea be sure to give me a follow :)
GALA most volume ever.After the largest cluster of volume ever a few days ago GALA is consolidating and looking to put in some higher lows. After a great reaction in the golden zone I would expect to see a break of the descending wedge and a breakout to the upside. 0.0000080000 and 0.0000088000 are the next most notable resistance areas.
I have been long and strong with this project since before it was listed.
GALA is founded by greats from the gaming and blockchain industry, Gala Games is redefining the world of gaming. Gala exists – to give the power in gaming to the people who should be in charge – the gamers. The games produced by Gala will always be free to play, and whatever you earn inside the game world will be YOURS. If you play a game and earn an asset in that game, that asset is yours to do whatever you would like with it. You own your gameplay, nobody else does. This means you can collect, trade, gift, or even sell your in-game assets in a way that has never before been possible. Additionally, unlike other game development companies, which actively discourage and forbid these sorts of outside transactions because they get nothing, we encourage you to explore how you can use and share your in-game assets with the rest of the world.
Do you know ATARI?Do you know ATARI?
;-)
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment broadcast by an autistic person.
Is Ethereum undervalued?Currently been longing on Eth and its truly been incredible. I must say I was introduced to Ethereum through the defi space and blockchain gaming in general, I find this concept in itself has more of an objective use case than BTC overall. Have to agree with those saying BTC is kind of like the myspace of crypto. Knowing this, is 1500$ price tag next to BTC at 35000$ really a reasonable value?
$EGLX collecting power in demand zone.$EGLX collecting power in the 6cad zone. Getting ready for next leg up?
Decentraland (MANA) - Poised For A Breakout?The 1-Hour Chart gives a pretty good reading on the recently volatile MANA / USD chart.
It may come down to re-test one more time--depending on what Ethereum decides to do.
"Don't you mean, 'depending on what Bitcoin decides to do??'..."
Well, yeah, but BTC's in a bull-run, if you haven't noticed (it's recent "decline" includes increasingly lower volume at each low = seller's almost tapped out).
So, if BTC's an inevitability, and if ETH has been trending up towards breaking out against its ATH, then MANA could be a pretty good play at its current prices.
Sure, there's some "resistance" at $0.17-0.18 for MANA, but remember:
MANA (oddly, right?) is one of the coins that Grayscale added to its trusts for public purchase. Maybe Grayscale wants to get a piece of the Gaming pie, and Decentraland has certainly put in the effort to establish itself into the blockchain-gaming niche.
This is the sole reason for its recent surge a few days ago.
And once BTC and ETH start their inevitable march (aka "launch") back up, coins like MANA are sure (not financial advice) to follow.
noteworthy:
The 6 coins added to Grayscale's trusts incl....
LINK (duh)
BAT (sure, ok)
FIL (yep, nice--although this one was added a while back)
XTZ (large community of stakers)
LPT (Livepeer? Uhh...alright, whatever)
and...you guessed it, MANA
Let's do this.
🚀🚀🚀 🌜☝️💰💰💰
$PENN Adding to Watchlist$PENN with a nice bounce right off the volume shelf there. Could be a good place to jump in.
CRSR Run Up into EarningsThey crushed last earnings. Logitech is doing great. The company has good products with outstanding reviews (look at Amazon). They're growing quick, and more people are gaming during quarantine.
Also a beautiful channel is forming. I picked some up when it bounced off the bottom. I'm expecting a run up into next earnings.
I'm still learning a lot- this is just for fun for me to see how well I do.
Longing on ASX:BET - uptick started todayThe ASX market appears to be heating up.
Following on my other thesis on ASX marketing such as ASX:APT , ASX:CCP and ASX:Z1P , the other pick which I expect to see a lot of actions is ASX:BET .
There are a few catalysts for BET during the few weeks:
1. It has just completed a round of SSP with over subscription hotcopper.com.au
2. Its price action has started an upward trend ever since the Dec 2nd with large transaction vol on that day, and showing consolidation ever since.
3. Contrast with the Gaming/Online Sport books in the US market, most of which has gone up 30-50% since Dec, the deregulation of online sport betting in the US market should benefit BET as well.
4. The upward candle of Jan 21st apparently is testing its all time high at 0.795.
I am expecting BET to hit the 0.995 range before its earning release on Mar 2nd.
Full disclosure, I put my $$ behind my thesis and just built a position @ 0.77 with a 10% stop loss @ 0.7.
GME: Highly Shorted Name That Has Exponential Upside Potential GME ripped to the upside (44%) when it announced its revenue sharing with MSFT. I believe that the highly short brick and mortar is poised for another breakout to the upside once it breaks out of its trading channel. I want to buy Jan/Feb 21 $15Cs. I want to be a buyer of those calls when the stock is trading below or around $11.
Bullish Short corsair post earnings price projectioni can see this consolidating towards the 35 support level and re consolidating over the next couple weeks to make a build up. as u can soo top resistance has been getting rejected with signs of strong buying on the support. as long as earnings beat again i see this hitting a price target of 62$ exit. will enter between the resistance and support to gain a better position. exit price of 62$ stop loss at 44-48$
ATVI road to $100 first stop $92.93ATVI broke the monthly trendline since IPO ($88.55). I would ove one last tap to $88.55 before I start to scale in. It should have an er run up as well. Pennant looks nice. either wait for a tap at $88.55 or scale in once it breaks above $90.82 NASDAQ:ATVI
^ Monthly and Weekly chart posted.
COCOS total supply reduction24 BILLION buying volume in 1 day . JANUARY 19th total supply will go from 100 billion to 100 million .
GET Ready for a huge pump
TSCRF - Score Media & Gaming - The Next Big Thing? HODL?TSCRF - Score Media & Gaming
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Long Entry on Pullback to 1.87/1.62/1.43
Possible FOMO on volume & breakout
Adding on Pullbacks near bottom of channel
HODLing
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
