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
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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.
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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. 🔨
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SKLZ freefalling. This is a very risky time to be long stocks like this.
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Target hit. Any questions? 🤔
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Have any truckers actually backed up the truck on SKLZ? Down at $1.27 now
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Do you remember when...
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I wonder how Oct 2021 "back up the truck" at $6.7 is getting on 😄.
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