Daily and weekly poised for a bull run, BULL FLAG $SKLZPersonally see 6.89-7.33 in the coming weeks potentially 9$-10$ by summer with momentum and positive ER. SKLZ is a sleeping giant
Many analyst say its a buy and the chart is bullish for a 6month swing trade easy or a great long term position. Final time we see south of 5$ !?
We shall see, in time
SKLZ trade ideas
SKLZ makes strong case for a long term holdIf this breaks falling wedge with volume into 2025 look for positive ER with growth in revenue and less debt everytime. There deals are now pulling through.
Long term holder since covid made money off score media and gaming and got stuck with sklz avgd down at 9.07 a share 2.5k shares avging down more n more. Made money off cnvs to help my cause!
Time to buy sklz again? Lets make sklz great again always thought positive about this company they stuck thru some dark times. Gaming and e sports is only growing. Finally broke the long falling wedge after reverse split yes im holding i have a high price on my shares lol sadly but for new investors or swing traders i see and opportunity.
Skillz - SKLZ - On way to recent Highs about 100% from Discount Skillz is up about 40% in the last 6 days. Is that momentum? Can the price push another 60% from the Discount zone to recent highs? The best entry is around the discount zone. Following price with a trailing stop would allow a trader to follow the trend until it ends. Keep in mind that penny stocks are risky.
SKLZ - Will See $6.7SKLZ fell through last support during summer. Since then it had an upside fakout through resistance and a re-test which was rejected and now looks like price is beginning another leg down.
Also D RSI confirms this rejection with price unable to break into the upper quadrant.
Unless there is a recovery in the $10 area this should fall all the way down to $6.66. This will complete what is probably a primary ABC correction.
I won't be interested in this until price can consolidate above 50Dma.
Not advice
๐จ Case against Averaging Down - Stage AnalysisAveraging down is rejected by all big Market Wizards.
The problem is that the stock can always go another -90% down.
The example of SKLZ shows that after 19 consecutive times the stock decreased -20%, it no where near the average dollar price, if you buy same amount after each 20% decline.
In fact, it has to move +300% to get to break-even. How many of your stocks do that?
Do you see now, why probabilities are not in your favor.
PS if you think this is just a crappy company look at $GE in 2007-2009.
SKLZ | Its Gaming Time | LongSkillz Inc. operates a mobile games platform that connects players in fair, fun, and meaningful competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide. It also hosts casual esports tournaments to a range of mobile players. The company distributes games through direct app download from its website, as well as through third-party platforms. Skillz Inc. was founded in 2012 and is headquartered in San Francisco, California.
SkillzSkillz is a company or stock which invests in mobile games, its a stock found on the U.S market. It's one of the greatest companies which have had a decline in these tough times, but looking at the chart, technical analysis show skillz has formed what we call a bullish flag and is currently trading @$1.40. I best believe it will drop to $1.25 where I think it will have a great support. If the support holds and we break the channel I think skillz can reach $17 without no problem.
SKLZ lost 94.58% of its valueIf you bought the top of SKLZ in February 2021 for $100K, now you would have 5.5K left.
And when you think cryptos are volatile and you can lose 90% of your money in them.
Look at SKLZ!
This should bounce from here. it has formed a strong support and we can see bullish divergencies in the chart.
My price target is $10.30.
Looking forward to read your opinion about it.