As of today I am long DKNG. It looks to be forming an inverse head and shoulders, and is currently completing the second shoulder. If it falls below $17.70 this will likely invalidate the trade and I will cut my losses. Short term PT is $24 - I will make a call then about whether I think it will break through what seems to be extremely strong resistance at those levels. I'm seeing large bullish divergence on multiple indicators on multiple time frames.
Do your own DD.
Do your own DD.
Comment:
This went bust fast. We did see $15s as I anticipated. I'm not sure this is bottom, I will be waiting to take another stab at this.