SKLZ trade ideas
SKLZ$SKLZ-($27.45) mobile gaming- Bullish reversal hammer candle on the 100 day EMA. March 10 earnings coming up. I can see this creep up to the $40 range by EOW.
SKLZ Holy Grail Setup Fundamentally, SKLZ looks great as a long-term Growth play - with revenues almost doubling in the past year due to COVID, showing no signs of stopping as expected revenues will continue to grow at least 30% each year. Operating in the E-sports field, a relatively new and booming sector, the stock is also undervalued as consensus analyst's estimates are above the current price, and have a fair value of ~ $45. Technically, SKLZ is oversold, which is why Cathie Wood is also dip-buying, which brought the stock up nearly 3% AH Friday. SKLZ is sitting on strong support after holding the 50EMA well during last week's sell-off. With a nice inside day on Friday, holding the strong support, and recent catalysts like an NFL & SwitchedOn partnership, we should see a nice reversal. Entry - Above 32.5, PT1 - 36.5, PT2 - 43, LT PT 55-60, SL Below 29
$SKLZ long- Elliot waveMajor Wave 2 completing 5-3-5 correction. Invalidated under $25.
Long Trigger: hold over $33.
Short-term PT: Wave 3 .618 extension @ $50. by mid-april
Mid-term PT: Wave 3 1.618 extension @ $81 around mid-june.
SKILLZ“Our mission is to make gaming better by providing players with a fair and trusted competitive gaming experience and by enabling game developers to better monetize their content. We believe gaming is the future of entertainment, and in that future anyone can embrace their inner champion. The engagement we see from the players on our platform validates the connection they’re making with the community through competition,” continued Paradise.
Third Quarter Financial Highlights
Revenue grew 92% to $60.0 million during the third quarter of 2020, compared with $31.2 million during the comparable quarter in 2019 and the 19th consecutive quarter of sequential revenue growth.
Gross profit grew 92% to $56.9 million during the third quarter of 2020, compared with $29.6 million during the comparable quarter in 2019.
Gross margin was 95% during the third quarter of 2020, the same as during the comparable quarter in 2019.
Contribution grew 177% to $19.1 million during the third quarter of 2020, compared with $6.9 million during the comparable quarter in 2019.
Net loss was $(42.9) million during the third quarter of 2020, compared with a net loss of $(5.0) million during the comparable quarter in 2019.
Gross Marketplace Volume1 (“GMV”) grew 76% to $411 million during the third quarter of 2020, compared with $234 million during the comparable quarter in 2019.
Recent Business Highlights
Expanded traction of hosted tournament offering, with celebrities including NFL Super Bowl Champion Marshawn Lynch and World Champion Hall of Fame boxer Floyd Mayweather selecting Skillz to power brand-sponsored tournaments.
Launched first offline to online branded venue partnership with Bowlero, the owner of the Professional Bowlers Association and world’s largest operator of bowling centers. Bowlero selected the Skillz platform to blend physical and digital experiences for their 28 million annual players and build the future of competitive electronic bowling.
Powered mass participatory fundraisers for leading nonprofits through the Skillz Gaming for Good initiative, including events with the American Cancer Society, Comic Relief, and American Red Cross.
Watching this for Friday. I see some potential. Detail in photo!
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BUY $SKLZ - 02.22.2021Buy Stockonomy Weekly Pick 02.22.2021
$SKLZ has been seeing a strong uptrend on volume and institutional buying.
Many are long $SKLZ and a dip buy here to key levels makes sense.
Be aware, price could still dip lower to $30 support area.
SKLZ - February 18, 2021SKLZ looking to hold the gap up and 21 EMA on the daily. If it can break this downtrend there will be a quick test of ATH.
SKLZ swing idea-a lot of momentum behind this name
if it holds its recent gap level and breaks the recent descending resistance with volume, it could run.
SKLZ heading to $60 by MayUpcoming earnings and breakout to new highs. May see a gap fill, but should find consolidation around $43-45 levels before moves up to 50's post-ER before testing $60
