$SKLZ long- Elliot waveMajor Wave 2 completing 5-3-5 correction. Invalidated under $25.
Long Trigger: hold over $33.
Short-term PT: Wave 3 .618 extension @ $50. by mid-april
Mid-term PT: Wave 3 1.618 extension @ $81 around mid-june.
SKLZ trade ideas
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!
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*Not investing advice
BUY $SKLZ - 02.22.2021Buy Stockonomy Weekly Pick 02.22.2021
$SKLZ has been seeing a strong uptrend on volume and institutional buying.
Many are long $SKLZ and a dip buy here to key levels makes sense.
Be aware, price could still dip lower to $30 support area.
SKLZ - February 18, 2021SKLZ looking to hold the gap up and 21 EMA on the daily. If it can break this downtrend there will be a quick test of ATH.
SKLZ swing idea-a lot of momentum behind this name
if it holds its recent gap level and breaks the recent descending resistance with volume, it could run.
SKLZ heading to $60 by MayUpcoming earnings and breakout to new highs. May see a gap fill, but should find consolidation around $43-45 levels before moves up to 50's post-ER before testing $60
$SKLZ - I'm outI sold my SKLZ today.
I bought and sold it when it was FEAC and played options on it, I had to grab a bunch before it converted to SKLZ.
I LOVE the company, I like the sector, and I was a proud owner for many months.
I sold today for 91% profit (commons).
I have my alert set for the gap to fill, at which point, I may look to re-enter.
This thing may go to the moon, I don't know.
Can't make money if you never sell for profit, though.
So now its on the watch list for the drop, so I can buy in again.
Loving SKLZ setup, looking to breakout soonLove the simple patterns we've been seeing lately. Watching SKLZ closely as it tightens in its trend. Breakout and hold above 39.3 we will see a test a the 40 resistance zone before running. Breaking out of our trend will see a possible retest of the 37.5 support zone, good luck!
