SKLZ trade ideas
SKLZ UpdateOut of SKLZ. After further research, there is nothing that excites me about this company anymore. It is not a next gen mobile gaming company....it is a mobile skill based gambling company. These models have existed for decades now - not scalable. Pump"N"Dump set up in IMO.
Trading pop stock popsSupply demand zone works amazingly with a 1 to 1 RR on stocks.
Also, the stock should be popular, many "common people" must have bought into this stock. This gives more probability to volatility and bounces.
I prefer this approach of waiting for price to come to me, over that of using buy/sell stops and trading/anticipating breakouts.
----
Story:
I learned of this stock back in Feb when I first explored Reddit stocks, and I did an analysis of potential buy zones in advance.
Fast forward to today, one of the youtubers I follow mentioned this stock when I tuned into his stream, and I checked my charts, with zero memory of my drawings in Feb.
Saw the zones I drew, and they all worked out. And I didn't make a cent from it. xD
SKLZ - Will this Adam & Eve work out?Congrats if you had entered near it's Adam and Eve's bottom @ 12.50 (a 76% gain by now!). I am still bullish on it at the moment due to the mini bull flag that has formed in the past few days and finally a close above it's neckline @ 12.50 yesterday.
Let's see if the A&E target of $30 will materialise! Stop loss @ 18.90 for now.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
SKILZ BUY/LONG NOW READY! 13.00 to 35.15 or even 50 By End 2021!TICKER CODE: SKLZ
Company Name: Skillz Inc.
Communication Services
Industry: US Stocks Technology Services Data Processing Services
Position Proposed: BUY
Entry: NOW READY (13.02-13.97)
NEXT AVAILABLE ENTRY: (16.50-17.50)
1st Partial Take Profit: 34.00 (Oct-End 2021)
2nd Partial Take Profit: 46.00 (Early-Mid 2022)
Note that timeline buffered, I would expect Full Take Profit by Early 2022
Stop Loss: 10.05
Technical Analysis
1. Falling Wedge (Completed)
2. Double Top
3. Fibonacci Retracement at 0.786
4. Area of Confluence on the horizontal key level and trendline
5. Retracement Completed and Formed Double Bottom
6. 1st Take Profit will be at the next structure level
7. 2nd take profit at Fibonacci Expansion 1.00 Zone Take Profit and Doubletop Length
SKLZ TRADERS PARADISE This stock is trader kind of stock , huge volume, bad news, good news the last time it flipped it went from 13 to 20 after dropping from 60
SKLZSkillz Inc (NYSE:SKLZ) price closed above the upper line of the descending channel pattern originated from the April 27 high, creating a significant amount of bullish potential. On the technical side, MACD and RSI all point to an upward trend. SKLZ has a lot of upside potential, so watch it closely next week. Next major resistance lies around the $18.21 level.
SKLZMID-TERM: Bullish gartley saw reversal at the PCZ and then put in a higher low, 1hr classic bullish divergence, 4hr hidden bullish divergence, breaking supply line. (not financial advice)
SKLZ has great potential. Bullish $SKLZ if the price bounces back from the orange support line then the target is an orange line on the top so on the green line.
$SKLZ #SKLZ
NYSE:SKLZ
$SKLZ Elliott Wave Perspective view Blue Support line can be final dip if not orange line support NYSE:SKLZ
SKLZ up 23% SKLZ is trading at $21.54 and we're up around 23% since the drop! I got in at $17 so we're still good! Refer to my previous analysis.
SKLZ - Technical Analysis- breakout from downward channel (looking overbought, if holds above breakout this will inch forward thru fib levels.
- good volume, indicators bullish
- wait for pull back, very strong push up the past couple days, will retest around 19ish 20 before next leg up to .786 fib level.
Unusual Options Volume SKLZ $20 APR 30 Call
SKLZ earnings date is May 04 2021
Earnings run up and break of down trend. Stock moved with increasing volume today. Possible break of trend into run up for the earnings with good possible upside if it holds at current levels.
April $20 Calls Lots of volume today 9,000+ contracts traded. Heavy open interest on May 21 $20 thru $35 strike calls indicating more up side.
Consider 21 May options calls above 21.50.
Down trend channel break $18.11
Trigger $21.50
Target 23.50, 24.57 resistance, stretch target 27.50
Wide SL close below $17.00
Close contract before ER to be on the safe side.
$SKLZ Skillz Inc Gets Multiple Pumps.
Quiet a day for SKLZ as the stock got a extra Vote of confidence from Cathy Wood
while also getting the opportunity to appear on CNBC to counteract some of the negative comments coming form the recent short report.
Technically the stock has broken the downtrend and reclaimed the EMA;s as support in recent days.
Potential trade setup on a break above the Pivot point @ $21.28
Potential target to the 50&100MA's @ $24.55
SKLZ Possible Swing Trade In The MakingNews for the day;
Skillz Shares Spike, Hearing Rumors Of Cathie Wood Purchasing Additional Shares; Unconfirmed.
Key Data: high level of short interest allowing for a possible short squeeze to occur.
Short entered in around the $30.00, if we pass this number, we may see massive skyrocket in price.
I do also believe fundamentally this stock is under priced.
What we want to see is the top trend line broken through and surpass $30.00, following a possible parabolic rally to occur.
$SKLZ 4hrLooks to be great setup for a swing. Auntie Cathie has been buying a lot of shares of SKLZ lately
SKLZ -- LEVELS: 14, 15.60, 19, 20.70, 23.30, 25.70
Weekly Outlook! 4/26-4/30Here we go over what stocks we are watching for the coming week! As well as a quick recap of last weeks video!
Seeing a lot of good opportunity out there!
AMAT
NASDAQ:DKNG
NASDAQ:PTON
NASDAQ:FB
NYSE:SKLZ
What do you think?Currently learning about indicators, do you think this is correct? is there anything I could improve on this analysis?
NOT AN ADVICE, JUST AN IDEA.
