$SKLZ - Requested Analysis - I hold no position
$SKLZ - Requested Analysis
Ok, @pridefulRider62005, so this is a newer stock and I usually like to see more technicals, but I’ll do the best I can… The All time lows are at 9.81, which I noticed was just tested and it bounced up and off of it… but it looks like it might test it again…
If it breaks below that then there is really no support down there…
If you don’t have a position at the moment, I would wait until the trend reverses… But if you do, then ideally what you want to see is from here to get above the 50 EMA, and if that holds, then to get above the 180 EMA and from there you can stay in the trade for as long as the macD stays above 0…. (Right now it’s below zero and SKLZ will stay bearish for as long as the MacD is UNDER the 0 centerline)
I hope this helps…
Ok, @pridefulRider62005, so this is a newer stock and I usually like to see more technicals, but I’ll do the best I can… The All time lows are at 9.81, which I noticed was just tested and it bounced up and off of it… but it looks like it might test it again…
If it breaks below that then there is really no support down there…
If you don’t have a position at the moment, I would wait until the trend reverses… But if you do, then ideally what you want to see is from here to get above the 50 EMA, and if that holds, then to get above the 180 EMA and from there you can stay in the trade for as long as the macD stays above 0…. (Right now it’s below zero and SKLZ will stay bearish for as long as the MacD is UNDER the 0 centerline)
I hope this helps…
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I am not your financial advisor.
I am not your financial advisor.