DKNG is showing a bullish pattern of an underlying trendline and a reversal candle with good volume. It is possible that the underlying trendline is actually at the $45 dollar level.
Gambling and Casino stocks have seen a lot of volatility recently, and the over all sentiment seems good. DKNG recently made a 3 billion dollar deal to be an official NFL partner along with Ceasar's (CZR). Unfortunately, there is always the looming news of COVID and potential lockdowns that would turn these stocks bearish at any moment.
Gambling and Casino stocks have seen a lot of volatility recently, and the over all sentiment seems good. DKNG recently made a 3 billion dollar deal to be an official NFL partner along with Ceasar's (CZR). Unfortunately, there is always the looming news of COVID and potential lockdowns that would turn these stocks bearish at any moment.