After a nice rally leading up to the Super Bowl it looks like this beast has settled down, not much sports betting activity besides NBA and March Madness which would be a big one. After that I feel the stock price will see some flat movement and run based on states passing betting laws. Also keep in mind we have ER approaching soon so that will cause a possible...
Here we go over our last video to see how out setups ended up and we go over what setups we like for this coming week! Happy trading!
Happy Sunday! I am looking for gambling sector to break out here after the Super bowl and PENN earnings last thursday. The options flow is very bullish with February put call ratio at .34, March P/C ratio at .32. The highest OI is in the Feb $65 calls and March $70 calls. Feb 4th, DKNG agreement with the National Football League (NFL) to expand their current daily...
For anyone who remembers the death spiral of March 2020 with $DKNG trading at $10.60 and $PENN trading as low as $3.75 you are either riding the wave or watching in wonder. Even with the impossible runs both have taken off their 2020 lows many debate where this “sports betting” trade will go? Some points of consideration: Size of Market Since the PASPA repeal...
As we can see, Draftkings is finally waking up after months of healthy consolidation. Look for this stock to surge upwards in price in the near future, besides the profitability of the sports betting industry - here is my reasoning. Price testing at the final Fibonacci level the .236 (roughly $57.26 price level) shows this bullish divergence and once it breaks...
I picked up some 3/19 $120 $PENN calls. - I back @stoolpresidente . He's on our side. I'm on his. - In this market, this company is still undervalued. Sports gambling is one of the fastest growing industries, and it'll show in earnings. - Superbowl hype. - It only goes up.
$PENN with a nice bounce right off the volume shelf there. Could be a good place to jump in.
DKNG bullish update - With sports betting activity increasing these upcoming months and legalization of mobile/ sports betting through out states, Im expecting a big move for DKNG soon. My in depth analysis on my previous ideas. Trading Idea annotated in the chart.
Bullish. Let me just lead with that. I've played numerous calls over the last few months. Huge fan of the stock, the chart, and the company. So of course I am back ready for more calls. $DKNG follows $PENN a lot don't forget that. Right now I am watching: jAN 22 $55 WEEKLY CALL FEB 19 $60 CALL Most of my target calls I will not even think about until...
TSCRF - Score Media & Gaming ____________________________________ Long Entry on Pullback to 1.87/1.62/1.43 Possible FOMO on volume & breakout Adding on Pullbacks near bottom of channel HODLing ______________________________________________________________________________________________________________________ This content is for informational, educational and...
Good morning traders NO POSITION - Was alerted on news "Golden Nugget Online Gaming shares are trading higher after Benchmark initiated coverage on the stock with a Buy rating." so decided to take a peak at the daily on this stock. Not sure we see much of a volume push on this but thats the big thing it needs, volume. Besides that, it has strong support and if...
Over 56 and think it can really fly, but already nice start to swing. Protect profits if that resistance holds $PENN $QQQ $SPY #Trading #DraftKings
Zoom your timeframe out - dont use a quick timeframe on this stock. It's in a clear uptrend. $DKNG $PENN $SPY
This is almost textbook when it comes to fib retracements. Watch for a breakout over $100. Also this will pull others with it $DKNG for example should go also. NO POSITION as of now but I am LONG calls on $DKNG. $PENN
Sports betting stocks look bullish for 2021, sports will most likely continue back to normal with more sport teams starting to let fans back to the stadium. More states also letting online sports betting. The charts for these stocks also look bullish with solid uptrends. NASDAQ:PENN NASDAQ:DKNG
** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS ** Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red...
** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS ** Very interesting day today where even though we GOT the stimulus bill, the market did not seem satisfied. We remained under the major support (now resistance) trendline in red, which has served as support since the coronavirus low. There are 2 reasons this may have happened: (1)There...