SCR tsx BULLISHATH incoming once bill is passed in canada for single sports betting to become legal, canadas largest sports n gaming network set to pop
SCR trade ideas
SCRi told ya last week at 25-27$ its going to ATH this has a huge catalyst! bill soon passes in canada. single sports betting and the score will be king
SKLZBULLISH on rsi and macd, just needs volume catalyst. the acquisitions are there
EOY 60$+ by
end of summer 35$+
SCR.TO TSXSenate just passed the bill, i see this hitting 32.14$ by earnings. bullish on the weekly falling wedge breakout and this news is massive.
long term 55$+
Score Gaming $scr #TheScoreScore gaming has finally came out of its correctional phase and is now on its recovery. Hearing that Canada will allow single wage sports betting will be the catalyst that sparks the next cycle to hopefully price discovery.
There is no visual divergences on time frames except for the MACD.
There is a possible falling wedge that could play out incredibly bullish.
Gann and Fibonacci together may be a super power.
Please forgive my chart as new methods are being tried.
First initial price target is $30.
Send it.
$SCR Trade The Score$SCR Based on Trends/Fib retracements and Elliott Wave Theory. By no means will all targets be hit this is considering a lowest possible scenario that i could see based on the current market and progression of bill C218. Feel Free to ask questions if you have any.
SCOREWe are highly encouraged by the early foothold that we
have established in this fast growing industry and we are
well equipped to continue our expansion across North
America. We believe the quarter with successful launches
of theScore Bet in Colorado, I’m sorry, we began the
quarter with the successful launches of theScore Bet in
Colorado and Indiana and we’re preparing to debut in Iowa
in the coming weeks, subject of course to regulatory
approval. Now, with marquee sporting events coming up,
including the Super Bowl and our first NCAA tournament
as an operator, we are extremely well positioned to
continue on this growth trajectory.
Of course, one of the markets we hope to be operating in
soon is on our home turf in Canada. We estimate a market
potential for online gaming here of between US$3.8 billion
and US$5.4 billion in annual gross gaming revenue based
on historical data extrapolated from the legal online
gaming markets in the US and globally. Ontario alone is a
huge market with population larger than all but four US
states. It is now clear that there is cross-party support and
strong momentum to amend Canada’s outdated federal
laws and enable legal sports betting market to flourish and
we have been actively participating in those conversations
at both the federal and provincial levels. theScore is
Canada’s leading mobile sports brand with millions of loyal
app users across this country and we’re in a great position
to capitalize on the expansion of online gaming. We’re
hard at work preparing for this sizeable opportunity and
look forward to seeing legislation progress in 2021.
This sports betting company may be a darkhorse. Still doing some research but it passes the COVID recovery potential check. I could be wrong of course.
What do you think?
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SCR Fractal and Fibs Bounce$SCR is forming a Bullish Fractal on the 4h and 1h charts. recent move shows Fibs bounce on .5 thus indicating continuation. Trendline Support and resistance on the daily (shown in Solid Blue lines) show resistance on bullish move at around 25% gain.
Bearish DivergenceRSI is showing bearish divergence on the 1D chart on SCR. Support level looking at the 33 range.
Any one else have any input on this?
SCR.CA: Bullish Pennant, again!Bullish Pennant, Ready for move #2 ?
Pros:
Descending Volume during formation
PPS above 50MA and 200MA
RS ascending and above 0
250RSI above 50
ATR ascending
R/R ratio above 11
200MA ascending
If Confirmed:
PT = 5.85$
SCR - January 18, 2021SCR - The Score Media is the #1 sports mobile app in Canada, and #2 sports mobile app in the US following ESPN. The company is extremely active on social media with a monthly reach of 104M users. Currently, SCR has a 20 year agreement with PENN, granting their sports betting platform access to 11 US states and PENN has an equity investment of 4.7% of the company. They have also successfully raised $25.6M through an equity offering to help capitalize growth. If Canada approves legal sports betting, SCR is primed to be the industry leader in the space. It has had a huge run thus far but can push higher with continued positive momentum with sports betting legalizations across the United States. On their last earnings call it was noted that they are exploring options to list on the US stock exchange, which will further push investor momentum in the short term.
SCR.CA: Bulish Pennant, awaiting confirmation Bullish Pennant, almost confirmed
Pros:
Descending Volume during formation
PPS above 50MA and 200MA
RS ascending and above 0
250RSI above 50
ATR ascending
R/R ratio above 29, very high!
Cons:
200MA Flat
If Confirmed:
PT = 2.83$
