SKLZ trade ideas
$SKLZ is a long term rocket$SKLZ is a stock i’ve always had on my watchlist. Long term is an insane investment especially at these prices. Gaming/Gambling is here to stay.
I am looking for $SKLZ to drop to 3.60 range to retest the wedge breakout. With current market Conditions this point should be reached. I will still be accumulating shares until that point.
ARK effect..!Assume you have invested your money and the fund manager keeps buying these stocks in the past few months..!
ARKK in its best days had never reached NET NET fund performance! but at the end of the story will be the same..!
The NetNet Fund, which is focused on Internet stocks, ballooned from about $10 million in assets in 1997, a year after its inception, to about $12 billion.
The Munder NetNet Fund gained 176% in 1999, which attracted more than $1 billion in assets. The fund then dropped 90% in the following three years before it was merged out of existence.
The 2008 story will be repeated soon..!
No one is able to fight Mr.Composite..!
If you are looking at these charts and see the same price pattern it is because the people with the same mentality trade the same asset with the same outlooks..!
Lets review my analysis for these 4 stocks:
Best,
Moshkelgosha
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SKLZ - Did I say $6.66 I Meant $2 😄Pretty funny the heckling I received when up at $12 or wherever I said SKLZ would see $6.7, well guess what its going to $2.
Still early on this weekly candle but its looking very bearish following a gravestone doji reversal fakeout back into the 1:1 fib. This can be seen to be a re-test before the next wave down.
Next fibs long and medium can take price down to a 1:1 target of $2.28 which with some short range fibs will probably see price overshoot to $2 area, maybe slightly more.
And if it gets there weekly RSI will go oversold which has always been a thorn in my mind for SKLZ reversing in $6 area.
A wyckoff spring type reversal in this area is still not entirely out of the question but looks very unlikely now.
See you at $2 😄.
Not advice.
Skillz Inc (NYSE: $SKLZ) Could See Massive Reversal To Upside! ⬆Skillz Inc. operates as a technology company that enables game developers to monetize their content through fun and fair multi-player 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 hosts casual esports tournaments to a range of mobile players. The company was founded in 2012 and is headquartered in San Francisco, California.
Skillz Inc devolving. SKLZBroke fractal floor. New Zigzag underway, or Wave C of most recent flag looking to complete. Either way - bearish.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
SKLZ - Deep Value Is Coming, Have You Been Patient? 🤠This devastating bear market is most likely drawing to a close imo for SKLZ.
Significant bullish divergence is developing.
But the bottom isn't in yet - there is a little further to go.
My 1:1 target is still as it was back in September:
$6.66.
See you there.
Not advice.
$SKLZ update Chart looks absolutely amazing for this week, the Thursday and Friday price action was just what we were looking for. Can't get much tighter between the 12 & 100 EMA along with the symmetrical triangle. I'm aiming for a breakout to $14-$15 this week followed by some possible consolidation before another run. I'm pretty heavy in 11/26 $15 calls.