DKNG is level with it's ATH with a divergence emerging. The exact situation happened at the previous ATH which i've circled. Confirmation and fundamental analysis is still needed however this could descend down to support.
The wedge pattern shows an apparent converging point and it means that a blow-off top will occur now! The MACD keeps crossing and crossing and crossing again and again as to signal a big move up but recently, the hype for an apple car was suppressed by AAPL as it shut off talks with Nissan. What will happen? A big move up of course! Warning! I am not a financial...
So everybody seems to be buying the Draft Kings hype lately. I've been told there's a Cup and Handle forming up, good deals ahead, and so on and so forth. From the way I see it this is a time with too much uncertainty in the long term. And I think we can see that reflected on the stock price. - First we can see two trends, in yellow, forming a symmetrical...
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...
Ark just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share. Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting...
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...
Today DKNG reached the first target of $63.20. Now we are looking for a strong push on Friday and a super Superbowl so that it can extend to the PT of $71.
Draft kings UOA flows to 75 2/19. Once DKNG gets over 59 its going places. A OTM naked call 3 weeks out may be the move.
Lots of buying coming in for this beast, also Cathie Wood added shares to her portfolio. In depth DD on my previous ideas but some key points 1. Super Bowl (increase sports betting activity) 2. Unveiling of a new sports book platform in Virginia 3. Legalizing mobile betting in different states 4. Cathie Wood loaded shares 5. ER end of month Option contracts to...
Draftkings has seen a lot of action with lots of sports fans betting on various games recently. With new announcements, like their recent proposition team-up with Bleacher Report for a Super Bowl LV deal and over 200 varieties of prop bets for the weekend. DKNG also announced they have had 4 consecutive months of $100 billion+ in revenue, which bodes well for the...
A break above 58 can send DKNG to 65 and more easily. Set your alerts and implement a SL. A 30 percent lost is better than taking a 70 percent lost.
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...
We have a breakout intraday. Think we can see new highs if we get above 59.
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.
Draft king is a fairly new player on the market through a SPAC merger with Diamond Eagle acquisition corp, and it's an American sport betting operator and it even allows users to make bets on players' performances in all major sports. In the list of investors, we can find names like the legendary Michal Jordan who is acting as a board advisor for the company as...
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.