SKLZ poised for breakout?
SKLZ has been trading in a range between lows at 18.50 and 19.60. The 19.60 has been tested numerous times with price making shallower retracements lower after each test.
A move above 19.60 intraday would see price make an attempt to trade above a medium-term resistance level at 20.60.
If 20.60 holds there is potential for a push towards 21.75
Second Day Play? If price holds above 20.40 in Friday's open there may be potential for a long trade with 21.75 as target
This ideal is a short-term trade considering the overall bearish nature of this stock.
A move above 19.60 intraday would see price make an attempt to trade above a medium-term resistance level at 20.60.
If 20.60 holds there is potential for a push towards 21.75
Second Day Play? If price holds above 20.40 in Friday's open there may be potential for a long trade with 21.75 as target
This ideal is a short-term trade considering the overall bearish nature of this stock.
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