7.19.20 I started the story about a trader who would not hesitate to tell you that she had 160 IQ and that she was the smartest person in the room. She had traded for years with marginal success a trading. She found a guy who is willing to share his information with her, and this guy was a great trader. I knew his name, and he knew my name, but we were not...
Well we had a healthy pullback and this i feel is ready to go again with sports starting up wish it was sooner to help with earnings but we will take what we can get...
I like DKNG here. The price is breaking over the 10sma. The 10sma has crossed up over the 13ema. If we close above the 10sma its a buy. I'm starting early. Probably set a stop below yesterdays low.
BREAK OUT. TOMORROW PROBABLY GET BACK TEST AND CLOSE THE GAP THAT WE CREATED TODAY IF THIS HOLDS. BUT LOOKING GOOD SO FAR !
$DKNG After Perfect 50% Retrace - Ride back to $35+ Bullish hammer candle developing on the daily chart. Near term price target: $35.00-$36.00 range
SHOWING BULL DIVERGENCE ON BOTH OSCILLATORS ON 4 hr
Wicking off the .5 currently. Let’s see if it holds.
APPROACHING .50 RETRACE. I HAVE A TARGET OF 26.35 ISH TO SUPPORT LINE ? LET'S SEE WHAT HAPPENS. BOUT TO BE OVERSOLD ON DAILY AS WELL.
Based on the structure I'm seeing with DKNG I think it potentially develops an H&S construction. Whether it does or not, I think current levels are a good entry point.
STILL NOT MAKING HIGHER HIGHS. LOWER FIB LEVELS IN PLAY.
DOUBLE TEST OF .382 fib IS ALL IT TOOK ? PRICE ACTION SEEMS LIKE IT SO FAR !
BROKE STRUCTURE....LET'S SEE WHAT KIND OF FOLLOW THRU PRICE ACTION WE GET IN THE NEXT WEEK OR SO.
LAST ONE. THIS LOOK MAKES A LOT OF SENSE TO ME AT THIS TIME.
COULD BE BACK TEST ON BASE LINE OF DOUBLE TOP PATTERN. KEEP CLOSE EYE OUT. THE MEASURED MOVE OF THE BASELINE BREAK IS JUST UNDER 27.00 . BE CAREFUL