We still have room to come down on SKLZ, when do you think we will have the next run? will be loading up on calls for sure! please give you thoughts.
Thanks
Hello Investors and Traders,
let's quickly review our buy recommendation for Skillz made on June 17th, or 2 weeks ago.
Truth is that at that time SKLZ was in its early recovery stages and therefore buying was appropriate especially for those,
who also wanted to invest in the great fundamentals of this SaaS Company.
So far, on a technical basis, Skillz...
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?...
(1) Fundamentals:
Skillz Inc opetrates operates a mobile platform that connects players worldwide. Its platform hosts casual esports tournaments
It's big moat is that it has no direct competitors, reason why it is able to generate such outstanding Gross Margins of over 94%.
And best of all is that these margins combined with a stellar Revenue Growth of 98% (TTM)...
Chart is overall bullish and a decrease to the 19.5 to 20 levels would present a good opportunity to enter into a position. I would like to see a bounce off the 200MA for for further support.
