Massive descending wedge has been in place since Q1 of this year. Let's see if we can breakout. Increasing volume today was a good sign. Q4 market environment should support these types of stocks IMO.
Hope you all have a nice day my companions!
I did this analysis based on fibonacci, volumeprofiling and background news.
Fibonacci shows us a strength resistance around 11.30$, this need to break before we can estimate further price movements.
the volumprofile is confident around 10.70$, this is mostly the target in the next days/weeks - lets see.
Stop loss...
Sklz is ending the second square contraction phase into October 18th to November 15th and beginning an expansion phase into the third square. Please see chart for entry and exit details of time and price ranges, for the final harmonic bounce of the the second square. Once the D point is achieved, one may go short for a 0.382-0.618 retracement from of X to C...
Swing play. $8.50-$9 buy range
Ride to $14.50 range, current 100 day MA
Possibly could drop to $6-$6.50, but low chance
was oversold, 25 RSI
See chart.
Cheers! -E
All on chart! Stock oversold.
Skillz is the company that operates one of the largest mobile esports platforms connecting players from all over the world, giving users the opportunity to compete for the leadership in games. Using its proprietary technology, the platform hosts billions of casual tournaments and pays out millions of dollars to winners every...
Skillz Inc. is a company that primarily develops and supports a proprietary online hosted technology platform that enables independent game developers to organize tournaments and provide competitive gaming activity to end users worldwide.
RSI oversold
August 2020 lows
$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.
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SKLZ popped up this morning. I have not looked at it in a while. It has retreated back to a strong support area between here and $10. I like the risk reward but will be watching for a couple days to see how she moves. Good luck to the longs!
bullish on growth alone, like sklz for long especially here. in at loss but wish i got in at these levels. not financial advice but i can see this being how the next er goes
