SKLZMID-TERM: Close to a bullish bat, broke a supply line, over critical level, 4hr classic bullish divergence. (not financial advice)
SKLZ trade ideas
SKLZ short-squeeze possible ahead of earnings!SKLZ ready for a bounce back on a short-squeeze prior to earning release similar to previous 2 quarters. Considering price speed in the last quarters, target price in $22-25 range with tight SL below recent lows.
SKLZ ChartSKLZ with a falling wedge on the daily. Will breakout this week, and will explode off that launch pad.
I'm still Bullish on SKLZ We still have room to come down on SKLZ, when do you think we will have the next run? will be loading up on calls for sure! please give you thoughts.
Thanks
$SKLZ - Looking good for reversalchart looks good to bounce at this zone, also RSI bullish divergence- target 24 with stop loss 16.4
SKLZ: Review I - near 1st Target Hello Investors and Traders,
let's quickly review our buy recommendation for Skillz made on June 17th, or 2 weeks ago.
Truth is that at that time SKLZ was in its early recovery stages and therefore buying was appropriate especially for those,
who also wanted to invest in the great fundamentals of this SaaS Company.
So far, on a technical basis, Skillz performance has been much better than expected moving steadily higher since then and now having generated a CUP & HANDLE, which is very bullish pattern. Volume has also been improving, although not as much as desired. Right now the first most important Target to reach is around $24,57, which also is a very strong resistance, as previously in march it represented an important support, but therefore now it became a counter factor. Nevertheless, if the overall market conditions for growth stocks keep on track I expect this resistance to be taken soon and then the next important Target (Target 2) is $29,58, which represents another strong resistance.
Lastly, for those who were not willing to buy at that time around June 17th, I'd say that now still is a good moment to buy as SKILLZ outlook is still very promising on a technical as well as on a fundamental basis.
Good luck to all, who are and will be invested!
Skillz - SKLZ - Trying to Side Step resistance?Skillz - SKLZ - Trying to Side Step resistance? Will it moonwalk around moving average resistance? We will see?
SKLZ - Rounded Bottom Buy on DIP Forming rounded bottom with higher highs and higher lows. EMA crosses with RSI >50 indicating potential bullish uptrend
SKLZ poised for breakout?SKLZ has been trading in a range between lows at 18.50 and 19.60. The 19.60 has been tested numerous times with price making shallower retracements lower after each test.
A move above 19.60 intraday would see price make an attempt to trade above a medium-term resistance level at 20.60.
If 20.60 holds there is potential for a push towards 21.75
Second Day Play? If price holds above 20.40 in Friday's open there may be potential for a long trade with 21.75 as target
This ideal is a short-term trade considering the overall bearish nature of this stock.
SKILLZ (SKLZ): poised to retest resistance & break out soon(1) Fundamentals:
Skillz Inc opetrates operates a mobile platform that connects players worldwide. Its platform hosts casual esports tournaments
It's big moat is that it has no direct competitors, reason why it is able to generate such outstanding Gross Margins of over 94%.
And best of all is that these margins combined with a stellar Revenue Growth of 98% (TTM) without monetizing it's non-paying user (until now). That is going to change as it just acquired Aarki, which will enhance monetization of this big chunk of users, which make up 84% of its MAU and this will bring this enterprise to it's next level.
(2)Technicals:
The 1h Chart shows that SKLZ has been struggling and retracing a lot during the last days (after having taken a strong and resistance the 200 EMA in the 4h Chart) and now it finished to retest its previous lows around $18 and is starting to pull back upwards. Therefore it could be a bit early start positions, but on the other hand for those who look to a time horizon of 3 to 6 months this is probably the right moment to jump in as it also could become a Reddit favorite due to its attractive valuation combined with its elevated short interest of around 19%.
I am already in as I see a bright near future for this stock...and if you liked this analysis please do not forget to hit the like button and eventually leave a comment about your opinion.
$sklz is already correction done with 61.8% fibonacci percent$sklz is already correction done with 61.8% fibonacci Which is the golden percent more likely to buy zone and start go up again
Skillz Inc SKLZ - Daily June 2021On watch for a dip buy. Could get interesting with a clearing of 24.50. The main long-term fib extension target sits closer to 50.
SKLZ Waves Chart is overall bullish and a decrease to the 19.5 to 20 levels would present a good opportunity to enter into a position. I would like to see a bounce off the 200MA for for further support.
