Obviously this industry is trying to get a running start on claiming a vacant spot since the pandemic. If the industry as a whole is multiplying their advertising budgets by 15X its not out of line to think that their overall profits will increase as well. Is double industry earnings year over year out of the question? by iCantw84it 05.19.2021
DKNG weekly looking to range $40-$48 range. I don’t see it going lower than $40 and if so we test $35-$37 before advancing back up. Looking to head back towards $60 in July, mid to end summer advancing back to all time high come fall.
Broke the 42.5 support. Rug pull to 35.5 incoming. See ya there.
Watch the Fib levels as potential support but DO NOT BUY RIGHT AWAY! Wait for a base to build first before initiating any long positions !
Stock always goes up before earnings - short after w/trend.
This support level seems to have been a strong level in the past...could be a good place to enter long! I would keep a fairly tight stop loss but my bullish PT would be: PT1: $58.11 PT2: $64.26 SL: < $47.07 Happy trading!
(This is not financial advice) Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings. My main reasons for liking this play on this stock are as follows: - Dipped even after good earnings and great growth in sports betting - Oversold on...
What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now. As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as...
Draftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers. If the stock continues lower and breaches $48, I would look at add at $42. So there are 2 options: (1) Buy half position size here at $51 and ready to add the other half at $42. (2) Be picky and wait for $42 buy area if you're ok with the possibility...
This stock is showing very bullish divergence in the RSI. It also rebounded off the bottom of the channel really hard. I'm expecting these next few days into earnings to be green. Expecting $DKNG to have a really good run very soon.
Draft Kings - DKNG - In a good buy zone just above $52? Based in technical analysis this may be a good buy zone if price does not dip below $52. Would this be about a 25-30% gain if price goes near $75? We will see what happens in the future!
DraftKings - DKNG - Still time to get in?
DraftKings - DKNG - Stock - Time to load up? Technical analysis shows a pattern. Will it repeat or is the pattern over? We will see?
DKNG 4HR Chart- DKNG had a nice falling wedge breakout with decent volume and a strong close above 58. With earnings approaching as a catalyst, we could see more upside. Would like to see price form higher lows with this current break of the downtrend. A break and hold above 60.50-61 level and we could see nice rally to February highs of 64.70-65. Keep gambling...
$DKNG | #Analysis | #StockMarket Price Target 68.07 🎯 Bull Flag ✅ Trend Reversal with Break Above Clouds ✅ Consolidation just below 0.786 ✅ Increasing Momentum ✅ Entry on Break of 60.83 with Confirmation ✅ Invalidated below 56.21 ❌