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. This will complete what is probably a primary ABC correction.
I won't be interested in this until price can consolidate above 50Dma.
Not advice
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. This will complete what is probably a primary ABC correction.
I won't be interested in this until price can consolidate above 50Dma.
Not advice
Note
Quick update just for the phonetards really. This tiny bounce is only a 0.382 retracement of the previous high. As I said I am interested in this stock if it consolidates above the 50Dma but I dont think it will here. Most likely bounces will get smaller as price drifts sideways before capitulating down.Note
SKLZ getting smashed. Well on its way down and my target is only the next fibonacci area. Who knows where this stock will bottom in a real market crash. 🔨Note
SKLZ freefalling. This is a very risky time to be long stocks like this.Note
Target hit. Any questions? 🤔Note
Have any truckers actually backed up the truck on SKLZ? Down at $1.27 nowNote
Do you remember when...Note
I wonder how Oct 2021 "back up the truck" at $6.7 is getting on 😄.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.