Samirp01

SKLZ Holy Grail Setup

Long
NYSE:SKLZ   Skillz Inc.
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

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.