SKLZ went public in September 2020 and has performed well until just before the recent market sell off. I've marked areas of the chart where you can see large volumes of accumulations. These are typically institutional investors buying for the long term. SKLZ just reported earnings and has had a positive response even though they missed on earnings. I have set an alert just above the last trading days high where I believe will confirm it's continued move up. Ideas, not investing / trading advice.latest earnings according to Earningswhisper.com:
Skillz (SKLZ) reported a Quarter December 2020 loss of $0.13 per share on revenue of $67.7 million. The consensus estimate was a loss of $0.10 per share on revenue of $62.5 million. The Earnings Whisper number was for a loss of $0.12 per share.
The company said it expects 2021 revenue of approximately $366.0 million. The current consensus revenue estimate is $366.09 million for the year ending December 31, 2021.
Skillz is the leading mobile games platform that connects players in fair, fun, and meaningful competition. The Skillz platform helps developers build multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, and distributes millions in prizes each month.
Trade active
3/15 Opened trade @ 30.50 Stop $28 flexible. Let's see if this can get back to previous highs.Trade closed: stop reached
Still on watch list
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.