DraftKings Inc.Long
Draftkings, The pullback for the punch?
We'll keep it simple today.
Today we examine the daily chart.
Since the end of August, price action began to move in this ascending channel
Since mid September when the market was flushing, Draftkings held strong.
There are some slight indicators according to my TA that this one could pullback slightly this week, but also could resume its path back up this week, I dont see this one falling out of this channel in my personal opinion
Analysts have raised price targets and momentum has picked up since announcing Micheal Jordan to the board and announcing an ESPN partnership.
Could more great business news be in store for Draft kings?
Shares for short, mid, and long term could be in an attractive range this week.
Options to the call side might also be a an attractive trade this week.
With all things said, we need the price action to stay in this channel to use these strategies and to reach new highs.
Today we examine the daily chart.
Since the end of August, price action began to move in this ascending channel
Since mid September when the market was flushing, Draftkings held strong.
There are some slight indicators according to my TA that this one could pullback slightly this week, but also could resume its path back up this week, I dont see this one falling out of this channel in my personal opinion
Analysts have raised price targets and momentum has picked up since announcing Micheal Jordan to the board and announcing an ESPN partnership.
Could more great business news be in store for Draft kings?
Shares for short, mid, and long term could be in an attractive range this week.
Options to the call side might also be a an attractive trade this week.
With all things said, we need the price action to stay in this channel to use these strategies and to reach new highs.
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.