Averaging down is rejected by all big Market Wizards.
The problem is that the stock can always go another -90% down.
The example of SKLZ shows that after 19 consecutive times the stock decreased -20%, it no where near the average dollar price, if you buy same amount after each 20% decline.
In fact, it has to move +300% to get to break-even. How many of your stocks...
SKLZ fell through last support during summer. Since then it had an upside fakout through resistance and a re-test which was rejected and now looks like price is beginning another leg down.
Also D RSI confirms this rejection with price unable to break into the upper quadrant.
Unless there is a recovery in the $10 area this should fall all the way down to $6.66....
Skillz Inc. operates a mobile games platform that connects players in fair, fun, and meaningful competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide. It also hosts casual esports tournaments...
NYSE:SKLZ
Possible Scenario: LONG
Evidence: Price Action,
TP1: 12$
TP2: 12.70$
TP3: 13.70$
Call options, strike 360$, 11/19/2021.
Call options, strike 365$, 09/17/2021.
*This is my idea and could be wrong 100%.
Skillz is a company or stock which invests in mobile games, its a stock found on the U.S market. It's one of the greatest companies which have had a decline in these tough times, but looking at the chart, technical analysis show skillz has formed what we call a bullish flag and is currently trading @$1.40. I best believe it will drop to $1.25 where I think it will...
If you bought the top of SKLZ in February 2021 for $100K, now you would have 5.5K left.
And when you think cryptos are volatile and you can lose 90% of your money in them.
Look at SKLZ!
This should bounce from here. it has formed a strong support and we can see bullish divergencies in the chart.
My price target is $10.30.
Looking forward to read your opinion...
Few cents early but anyhow I called this stock to crash down to from $11 to $6.67 from back in September then 2nd target $2 now both hit.
Received some heckling back up in $11 area that I have posted on the chart. 😄
So this is the bottom right???
Well I dont think so - and this is the thing with trends - they can go a long way.
Anyhow the wild thing is all...
RSI picking backing up
volume still down
short term trend break out confirmed just waiting for long term trend break out next
earning around the corner we could see this thing back to the 6-7$ range soon
SKLZ
$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.
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...
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...
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...
Broke 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...
Having passed my target from September of $6.66, I've taken some short range fib projections to make an attempt at calling SKLZ bottom.
Target area between $5.63 - $5.86, but good chance it can go slightly lower still.
Not advice.
