$SKLZ should, at a minimum, soon get a strong 30% technical bounce from its current levels. At a minimum, I expect a rally to the orange box. It may also be ending the entire decline from February onwards, but I will remain conservative here and only aim for the initial move for the moment.
Today I take a look at mysterious NYSE:SKLZ price movement.
I personally think the company has a great business plan, innovative product and tons of growth potential. Fundamentally, if stock price alligns with the business indicators, it should skyrocket.
However , stock price does not reflect that view and just keeps...
$SKLZ - Requested Analysis
Ok, @pridefulRider62005, so this is a newer stock and I usually like to see more technicals, but I’ll do the best I can… The All time lows are at 9.81, which I noticed was just tested and it bounced up and off of it… but it looks like it might test it again…
If it breaks below that then there is really no support down there…
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The best timeframe for this strategy is Daily, Weekly and Monthly...
In this post, I want to review the outcome of the watchlist I shared on August 28, for the stocks with short squeeze potential.
30 out of 50 finished the week with profits(60%)
10 have +10% gain(10-32%)
The worst outcome was (-7.99%)
These results clearly show we should take the Quadruple Witching phenomenon seriously, and most heavily shorted assets will...
Ooof What a magnificent disaster. It dove deeper than expected.
Insiders are selling
Lawsuits are piling up
Please remind my a reason to own this? Not sure where its going now but definitely not to ATH. Puts closed (a few weeks ago), out and never looking at this one again.
Market Cap: 3.9 B
Shares Outstanding: 334 M
Average Trading Volume (10 days): 17 M
Shares Short: 57.2 M
Short Interest(%): 17.29%
Days to cover: 4.1
Change in Short Interest: +6%
Hedge Funds: 6
Individual insiders: 22.7
Put Call Ratio:0.48
Any push back up into the underside of the 20d/50d/monthly pivot/annual pivot area of confluence should offer some extremely strong resistance. Of course the more emotional the push into those levels is, the more I like it.
TV chart link:
SKLZ ready for a bounce back on a short-squeeze prior to earning release similar to previous 2 quarters. Considering price speed in the last quarters, target price in $22-25 range with tight SL below recent lows.
ENTRY = 15
1st Target = 17
2nd target = 19
3rd Target = 22
HODL Target 25+
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy...
Good evening from Croatia,
Let's have a look at some of my favorite stocks which I am keen on. I use this index quite often to find out whether these hyper growth stocks are going to perform well. It looks like a double-bottom pattern is forming into the mid term. We have to find out if this double-bottom will hold the support or break through it. This might look...
SKLZ has been trading in a range between lows at 18.50 and 19.60. The 19.60 has been tested numerous times with price making shallower retracements lower after each test.
A move above 19.60 intraday would see price make an attempt to trade above a medium-term resistance level at 20.60.
If 20.60 holds there is potential for a push towards 21.75
Second Day Play?...
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