DKNG - potential entry above 26.90
DKNG has corrected back to a possible near term resistence-turned-support @ 26.50 - 26.80.
Currently the bullish divergence between it's price and RSI is still intact (will be negated if price dips below its last pivot of 24.95).
I would consider to test a long entry for DKNS if it starts to go above the last candle high of 26.89 with an initial SL just slightly below its last pivot low of 24.95.
As swing trader, I will be trailing my stops on the way up should the trade works out.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Currently the bullish divergence between it's price and RSI is still intact (will be negated if price dips below its last pivot of 24.95).
I would consider to test a long entry for DKNS if it starts to go above the last candle high of 26.89 with an initial SL just slightly below its last pivot low of 24.95.
As swing trader, I will be trailing my stops on the way up should the trade works out.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.