$SKLZ Bull Pennant in a Large Bullish Wedge

$SKLZ should, at a minimum, soon get a strong 30% technical bounce from its current levels. At a minimum, I expect a rally to the orange box. It may also be ending the entire decline from February onwards, but I will remain conservative here and only aim for the initial move for the moment.

SKLZ

[UPDATE]: I do still believe this stock will eventually rally; however, since it has now fallen 26% since I last called for it to rally (which was my expectation at the time), I will file this under “Unsuccessful Calls.” I will continue to monitor it to look for an opportunity to play at least a counter-trend rally, which should be quite tremendous once it arrives, but for the time being, I am no longer making a call on this stock.

SKLZ

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