I have been watching this stock for a while and they just had great earnings. PENN announcement has spooked people but the fundamentals of the stock, price targets all say another thing. I see a quick return to $30+ following the support line for buying opportunities. Expectation: $36.00-$36.50 short term
I am long at CMP here with DKNG and the it looks like it should go up. I will update the analysis shortly.
As shown on the daily chart DKNG has been on a clean rise this entire year now up 100% over the first six months. An earnings report is due in about three weeks. Sports betting may have some seasonability and most of all collegiate and professional sports are in the off season at this time. No matter, the chart shows a steady rise since the last earnings (...
🔹Strong rising trend channel in the medium long term. 🔹Between support 24.53 and resistance 26.92 in rectangle formation. 🔹Supports 21.00 in NEGATIVE reaction. 🔹Technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse...
NASDAQ:DKNG has been sideways last few weeks. Now its showing weakness. On daily its an outside bar downside. A bit of stochastics divergence and 20MA starting to turn down. On weekly its a 2D and far from 20 and 50 MAs. Plan is to enter at low of Friday's candle ($24.39) and take profits at least at $23.
DraftKings - DKNG - Would you BET against DraftKings at this point? DraftKings is firing on all cylinders. Will it run 500% back to all-time highs or is it over for DraftKings. Seems sports betting is here to stay? Price and the 50 day EMA are above the 200 Day Blue EMA 'watermark'. What are your thoughts? Do you see a pullback in the near future?
NASDAQ:DKNG rounding bottom, 20 weekly moving average crossing above the 50 weekly moving average. Next major resistance is the horizontal line.
A nice double bottom formed + a handle. Lots of confluence on the resistance turned support. Lots of Bread and Circuses in the future and gambling will always be one of the best choices Declining volume with increasing price looks bullish to me
Possible classic resistance turned to support, rounding bottom pattern, look left Vol Profile Vacuum could trigger a move to 45
NASDAQ:DKNG needs to stay above trend line to continue uptrend. 20 day crossed over 50 day moving average which is a condition of an uptrend.
DNKG has an uptrend from a triple bottom in mid-March. As shown on the 2H chart volume especially buying volume is increasing while on the RSI indicator, relative strength is rising confluent with the price action. This looks like a quality swing long setup during the NFL draft and upcoming playoffs in professional hockey, basketball and baseball...
The leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend. If you look at a...
DraftKings is trading at the $21.20 - .30 level! This is the resistance zone that held the stock since March 2022. In order to break through this line, we will need much more movement much more optimistic economic news! Which I don't really see at this point. Reasons to short: - Currently, at the resistance zone, every time it touches this line moves down hard....
Looking at the DKNG DraftKings options chain ahead of earnings , I would buy the $17.5 strike price Calls with 2023-6-16 expiration date for about $2.04 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. The longer expiration date will give me some room in case I'm wrong. Looking forward to read your opinion...
Still waiting on DXY to hit 98.3-100 to consider being bearish from a technical perspective. 0:00 BTCUSD 1:06 Quick look at DXY 2:10 BTCUSD 3:14 DXY 6:15 NASDAQ 8:05 USDWTI 9:45 DXY and VIX 12:30 APPL 13:50 HSI 15:10 GOLD 18:25 MARA 19:15 DKNG, GME & PYPL
There looks to be another leg lower coming for $DKNG (which to me would be the capitulation leg). I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel. After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops. Good luck.
You can view or copy my chart from this link: www.tradingview.com APPL 0:00 DJI 2:00 DXY 2:40 NASDAQ 3:45 BTC 7:36 SPY 11:40 USDWTI 13:05 HSI 14:06 GOLD 14:42 DKNG 15:15 HOOD 16:49 GME 16:59 MSFT 18:08 PYPL 18:37 TSLA 19:30
I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment. LONG TERM: This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an...