SKLZ prediction

Hope you all have a nice day my companions!

I did this analysis based on fibonacci, volumeprofiling and background news.

Fibonacci shows us a strength resistance around 11.30$, this need to break before we can estimate further price movements.
the volumprofile is confident around 10.70$, this is mostly the target in the next days/weeks - lets see.

Stop loss aorun 8.40$ seems to be a good choice and the risk/reward is pretty confident!

Backround check:

First very important - Since Q2 2021 cash and equivalents of $692.8 million with zero debt!

Since the listing of Skillz (NASDAQ:SLKZ) stock in December 2020, there has hardly been any reason for investors to rejoice. After touching highs of $46.30 in February 2021, SKLZ stock has been in a sustained downtrend.
A row of people wearing matching outfits and headsets play a video game together in a room with blue lighting.
Source: NYCStock / Shutterstock.com

In August 2021, Skillz formed a strategic partnership with Exit Games. With this partnership, developers will be able to utilize the advanced synchronous multiplayer gaming technology. This will help in creation of real-time, synchronous multiplayer games. Therefore, it’s likely that the partnership will help in boosting users and user engagement.

Third, Skillz has also partnered with NFL. The partnership will identify new NFL-branded mobile game(s). As a part of this initiative, 14 games are already in the development phase.

Overall I see SKLZ in a good buy position with small risk.