SKLZ trade ideas
i think we got a reverse head and shouldersif this is true and the market finds clarity next week SKLZ $30
beautiful retest, like it to $30 just a test book trendline, break out above trend line, retest, and go :)
SKLZ : PULLBACK / MOMENTUM TRADESkillz stock climbs as Stifel starts it with a Buy
Jan. 12, 2021 10:48 AM ETSkillz Inc. (SKLZ)By: Kim Khan, SA News Editor
Mobile gaming company Skillz (SKLZ, +6%) is climbing on a bullish call from Stifel that puts a Buy rating on the stock, with a price target of $28.
"Given its unique and differentiated model, with several planned strategic initiatives, the business should enjoy significant growth + margin expansion over the next several years," Stifel analyst Drew Crum writes, according to Bloomberg.
Skillz went public through a deal with blank-check company Flying Eagle Acquisition in September.
"Instead of focusing on in-game ads, Skillz has a set of sticky developer tools like payments, marketing, and server hosting," Ishan Puri wrote on Seeking Alpha last month. "I believe these will eventually add additional gross profit and contribution margin to the business over time that is not accounted for today."
Skillz is a well run gaming company that is mission driven and riding major tailwinds. It has well over $1.6 billion in gross marketplace volume and over 2 billion tournaments played per year. As a new generation emerges that is smartphone-first, I believe gaming and gambling are going to grow in big ways.
Skillz is also successful at getting users back to the platform - the most common problem with gaming companies in general. It ranks above TikTok, Facebook (NASDAQ:FB), and other platforms in minutes played per day. I believe this bodes well for the general effectiveness of the platform.
SOURCE : Flying Eagle: Great Long-Term Play, Dec. 7, 2020, Ishan Puri, SeekingAlpha
seekingalpha.com
trendline support, respect it. getting close to a couple big trendline support areas, im dip entry 23.5, stop loss 22.5 price target 27.5, great risk reward! :) gooduck, feel free to leave a like and comment <3
Gaming has just started breaking out and SKLZ is going to flyGaming sector has just started moving and about to breakout . SKLZ is going to be one of the leaders . Great bullish chart . ARK has also added this to their portfolio .
SKLZ - Watching for Reaction Here Under 21SKLZ watching for reaction here at 200ema on 15min @20.55
Entry @21. Will add if needed at bottom of regression channel @19-18.50
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Good luck, happy trading and stay chill,
2degreez
$SKLZBreak $24, run to $30. Needs to reclaim 20ma and finish off handle eyes are on this one with the recent buying from ark-invest
SKY IS THE LIMIT!!!!!!!! SKLZThe price broke out the 23.36 resistance but returned into the canal. After that we see the price can’t go lower from the tenkan sen level and then a strong bullish candlestick breaks out the 23.36 resistance again and the next one is bullish. There is a big chance for the price to lift up the kijun sen and flying!!!!!
SKLZ - 2hr updated chartEntered calls on 01/11. Watch for breakout as cup and handle is forming and appears to be gaining momentum.
DONT FORGET - ARK bought a TON of shares just last week. This stock is worth keeping in the portfolio or as I am playing, buying leaps/long calls.
$SKLZ $SPAC $ARK $ARKQ
SKLZ 1hr with moving average and supportOne of my new favorite SPAC plays - SKLZ.
Skillz is an online mobile multiplayer competition platform that is integrated into a number of iOS and Android games. Players use it to compete in competitions against other players across the world (Wikipedia). SPACs are all the rage right now so it is important to know which ones are hot and which ones are not.
Watch for the moving average crossover on this. Watch for this to hold the bottom support. Volume surge into next week possible.
CATALYSTS - Skillz stock increases after Cathie Wood and ARK Invest purchase shares
gamingstreet.com
A newbie in ARKW - SKLZNYSE:SKLZ is a newly merged SPAC which build paid tournament (or gambling) experience into casual online games. And ARK Invest, most specifically AMEX:ARKW , has just newly bought in their shares on Jan 4th and has added another 200K shares just yesterday. From a pure technical standpoint I am not surprised it would breakout from its all-time high of 23.87 on the coming trading day. I am not sure if its going to be another NASDAQ:BNGO , but its definitely highly speculative and a Cathie Wood fandom play.
