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...
This is my prediction. Just printing it so I can review it later.
This is based off the 30 Min flag developing and a positive stochastic divergence (where the price is dropping, but the stochastics are showing momentum to the upside.) The 9,3's on a 30 minute chart are meant for quicker smaller movements, however, I think that the daily chart supports a further...
This is not a good sign for the short term. Stochastics are rolling-over from the overbought level, suggesting that momentum is picking up to the downside. Expect a pullback from this level.
