SKLZ trade ideas
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.
$SKLZ - since it was FEACIve been in SKLZ since it converted from FEAC and played options and commons in FEAC a lot before I took my final position that I held into the merger.
I love it and its getting new attention. It's in my gaming-stock portfolio.
SKLZ might have skills Let's be simple men. volume around a bullish break in a bull flag, we buy and hold. I see at least $21 if this happens and could see a 2x. good luck happy trading.
