DraftKings Inc.Short
Retracement to the .618 fib support at $43.79
Updated
The $32 million offering at 52/share was the catalyst for correction. Speaking from a purely technical analysis perspective, we could see a retracement down to the .618 fib support levels around $43.79.
Trade active
An updated view:Trade closed: target reached
Closed our short - now bought our first tranche long position at $45.
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