SKLZ - Will See $6.7

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

코멘트:

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.

코멘트:

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. 🔨

코멘트:

SKLZ freefalling. This is a very risky time to be long stocks like this.

코멘트:

Target hit. Any questions? 🤔

코멘트:

Have any truckers actually backed up the truck on SKLZ? Down at $1.27 now

코멘트:

Do you remember when...

코멘트:

I wonder how Oct 2021 "back up the truck" at $6.7 is getting on 😄.