SKLZ Possible Swing Trade In The Making

News for the day;
Skillz Shares Spike, Hearing Rumors Of Cathie Wood Purchasing Additional Shares; Unconfirmed.

Key Data: high level of short interest allowing for a possible short squeeze to occur.
Short entered in around the $30.00, if we pass this number, we may see massive skyrocket in price.
I do also believe fundamentally this stock is under priced.

What we want to see is the top trend line broken through and surpass $30.00, following a possible parabolic rally to occur.

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Just broken $20 there is no more resistance.

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Dark Pools are still buying heavily, Current Option, (Derivatives) suggesting Pivot Point at the $20 representing Market Makers hedging with profit taking causing prices to lower. Stock Limit Orders - (Support lies at 18.50 - 18.00) (Resistance 20.00 - 21.00 - 21.50)

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Although this is down, with knowledge of earnings coming up, and options now working with stock prices, good time for dollar cost averaging.

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Support Currently is at 15.00 If broken on Friday, the stock will continue to fall.

maplehunger123

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maplehunger123