Draftkings Inc (NASDAQ:DKNG) The stock is bouncing after seeing weeks of strong downward movement. While DKNG's short-term trend seems to have reversed, a close above the pivot pocket 28.80 could lead to more relief and confirm the possible bottom. I think we could see more gains next week as the heavy volume of the last two days should attract some more bottom...
Currently, I see Draft Kings Inc( DKNG ), coming off a Head & Shoulder pattern on the 4hour, Daily and Weekly time frame. Before my further analysis, all the information will be accurate with each of these time frames. The Fibonacci levels I have marked have been respected by this chart. DKNG could be coming down into a supply zone within the ranges of...
Looking a great level for DKNG - green rsi/market cipher in the sweet spot/red money flow + positive divergences. ** NOT TRADING OR FINANCIAL ADVICE **
DKNG has been beaten down again...Looks like a head and shoulders pattern but it won't play out. Playing a call calendar spread at the $40 strike. Short call expiring 12/10, long call expiring 12/31 for a cost of $81 per contract. Easy money.
Adding here to DKNG after it dips further into my DCA zone, remain bullish longterm so building out a position here. Price targets remain at $65 and $100 presenting good upside, and acceptable risk for me at these oversold levels - still some downside on the weekly indicators but daily looking good for a bounce in the short-medium term. Will continue to DCA...
NASDAQ:DKNG has established itself as the top dog in US online sports betting. We may find an RSI Divergence pattern, as well Quant Chart's Inflection indicator signals for potential long. There may be a high chance of a swing higher.
$DKNG has again defended the support line from May 21 and bounced well from it, the move towards 70+ is now confirmed. #PlanYourTrades
DKNG earnings are on Nov 5th and chart setups look pretty nice going into earnings. I may be little too early to start a trade, but don't want to miss it for few bucks.
Looks to have bottomed. Should hit 70s by New Years. 40%+ upside from current price
I'm remaining bullish here for as long as the 13-day MA keeps climbing above the 21-day. Solid structure forming with a clear break from its previous neckline/resistance. "According to an article in the European Business Review, domestic sports betting revenue in the U.S. is projected to be valued at $7 billion by 2025… and it continued saying that, according...
this is my first analysis ever so gimme tips. Anyways theres a ascending tiangle that should be bullish and should breakout around september 3rd, but more thoughts on the actual chart. Once again i dont have much experience so take this with a grain of salt.
One of the nicest setups out there right now. Won the battle at the volume shelf. Ascending triangle with advanced MACD breakout. Should steadily climb back up to retest ATH over the next couple months.
LONG on DKNG. Looking for further entry zones approaching earnings. Looking likely to retest the entry zone as marked? Or break out. Personally I can see a re-test coming, where I'll be adding more.
Entry point - 53.25 or break of trendline which is also where the 200day sma is. Contract suggestion: DKNG 7/16 55C @ 1.31
DKNG 4HR TF Analysis After a 15% correction within a two day span from Hindenburgs claims on black market dealings/ illegal gambling, Buyers took advantage of that dip as it rallied 11% intraday and is currently consolidating for more upside. Retraced nicely to the .618 of May lows and Junes current highs and potentially forming a nice channel with lots of...