DKNG is looking like it wants to bounce back into that channel and run. With Earnings coming up I expect a huge pump after it breaks the resistance and pushes into the channel. The RSI and MACD are looking good. It is still under the 200 and 50 MA, IMO I think it will break and that's when it will run. The next 2 weeks should be fun to watch. Let me know what you...
I made a previous post about $DKNG pulling a "bear trap". It pulled under the channel(wedge) and recovered back on top of it. Looking for it to hit the top channel, maybe even break it especially with how good a deal and how much PR this company releases.
LETS GO MAKE SPACS GREAT AGAIN WATCH EM PUMP IT NOW AND WE SELL IT AT EARNINGS
Entry: $60.50 Take Profit: $64.50 Stop Loss: $59.50 Validation: - Rejected off Strong Support around $58 - Crossed above 8 EMA - MACD about to cross up to green very soon
DKNG - Not sure about the wave count for this rise but the fact it's so overlapping and contained within this channel makes me believe it's a corrective move rather than a Diagonal for exemple. The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion. If this goes...
3Black Crows+ 3drive top pattern = perfect short scenario..!
Draftkings had a major red day -8.00% today, which has it sitting at an old support level that it's touched over 4 times. If DKNG manages to maintain below 58.30 today, we could get in for puts to $56 Next SL point is $56
DKNG 1HR CHART... After a strong sell off from reaching ATH, we seen some bullish momentum in the past 2 weeks with a strong close on Thursday. March Madness championship is Monday April 5th, so a potential catalyst to help this momentum continue. Expecting to see some bullish price action early this week and sell the news with sports activity decreasing....
(This is not financial advice) Hello everyone, today I have a TA on DKNG that I spent quite a bit of time on. Sorry this TA might be a little bit confusing and messy but there was a lot to go over and I will try my best to explain it all. To start off the reason I am interested with this trade is because I can feel excitement building up in the entertainment are...
The market is slowly creeping up to new All Time Highs. The question people keep asking on my social media is "what should we trade NOW?" The answer is... probably nothing. Now is the time for research and setting yourself up for GOOD trades in the near future and I talk about HOW and WHERE to do this. In this video I use NASDAQ:DKNG as a meme stock example.
MACD, RSI, and channel all point to bullish run upcoming. Target $75 or when MACD & RSI become oversold.
Looks even better on the 1 hr chart. Those channel lines are good spots to add more/double down.
DKNG formed the handle and retraced around the 61.80% fib level as I thought. We are near highs and if we can hold this level I expect us to move to $76.91 and then $83.82. Current Price: $71.98 Support: $65, 68.70, $70 Resistance: $72.60
$DKNG looks to be forming a Cup & Handle pattern. This may be the start of the handle formation. Appears to be topped out at this $72. Looks like it will move to a short term downside to $65 before heading higher to new highs. Short Term Target: Pullback to $66-65 based on 61.80% fib level Price: $71.75 Support: $65, $70 Resistance: $72.60
(DRAFTKINGS: DKNG ) - Trend Analysis - 📑Value: 0/20 📈Growth: 14/20 💰Profitability: 14/20 🚀Momentum: 20/20 💸Earnings: 14/20 🖇️Total Score: 62/100 Analysis: Low: $41 Average: $72.83 High: $105 Current: $72.96 Income Statement: Revenue: $614.53M Gross Profit: $267.94M EBITDA: ----- Net Income: ----- EPS Diluted: -$2.76 Cash Flow Statement: Cash from...
SLGG : Love this stock! it’s a sneak attack! Fundamentals : Gaming platform that will monetize on the amateur to pro gamers by ads, tournaments, and eventually with subscription base. The gamers world is valued at 15B at the moment and if they will get 10% of that sector to pay as little as 5$ per month that could be massive -but that is very far of where they...
$DKNG update wave 3 of 3 target hit, could see a retrace to my .618 which fills that gap at 62, I can see one more push towards mid march once this correction is in, after this month not much sports activity going on but news with gambling (laws, app features, partnerships) can push this. Short target: 60 Long Target: 75+ ($100 stock long term)