SKLZ- Good entry here Long

NYSE:SKLZ1D

Skillz Inc.NYSE

Description

⋅ Aug 20, 2021 5:57 PM

Taking a long position here and hoping I've caught this near its bottom

Trade closed: target reached

⋅ Sep 1, 2021 9:14 PM

Target reached. Could have sold at open for $13+
Easy trade guys, 7 trading days of patience for 20%+ gains

Selling a good chunk here and keeping some for a possible run up to the 50 day moving average

Chart Patterns

Comments

srp192

⋅ Aug 22, 2021 8:00 PM

do you see a reverse h and s forming with the head at August 20

DrewDimes

⋅ Aug 22, 2021 8:35 PM

@srp192, maybe?

What I mostly see is a young up and coming company that is off 77% from its yearly high and an RSI that has dipped into the oversold ranges.
Not saying it should be back to the 40s anytime soon, but this is a legit company in a growing industry.

-backed by Cathie Wood's ARK fund
-partnership with NFL

Just the support from those 2 monsters tell me that these guys should be around for awhile. More of a fundamental play for me.