News 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.
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Just broken $20 there is no more resistance.
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Dark Pools are still buying heavily, Current Option, (Derivatives) suggesting Pivot Point at the $20 representing Market Makers hedging with profit taking causing prices to lower. Stock Limit Orders - (Support lies at 18.50 - 18.00) (Resistance 20.00 - 21.00 - 21.50)
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Although this is down, with knowledge of earnings coming up, and options now working with stock prices, good time for dollar cost averaging.
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Support Currently is at 15.00 If broken on Friday, the stock will continue to fall.
Dark Pools are still buying heavily, Currently Pivot Point at the $20 representing Market Makers hedging with profit taking causing prices to lower. (Support lies at 18.50 - 18.00) (Resistance 20.00 - 21.00 - 21.50)
xstreamSTL
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@maplehunger123, Yes, my aggressive stop was hit, but made a respectable 8.6% profit in 6 calendar days.
@xstreamSTL, Yes yesterdays spike that formed a double top looked like a short stop run, which would make sense why we seen a reversal to the downside. Currently a possible bottoming occurring but it is risky at this point with the down momentum that we are currently seeing.
xstreamSTL
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@maplehunger123, It appears the price was affected due to in-fighting between brothers who own the company over management of some founding equity.
maplehunger123
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@xstreamSTL, Yeah, seen that, I don't think that is really enough to move the stock for more than a week. To me it just sounds like normal family issues.