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 trade ideas
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!
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 .
