DKNG - BUY!- Bullish divergence on multiple timeframes
- Elliot Waves target = 68$ (61.8%)
- Descending triangle
-Head and shoulder pattern forming...
- Fundamental looking great
DKNG
$DKNG Possible Long- DKNG looking like a huge triangle to the upside.
- It also looks like a possible IHS.
- Catalyst coming up is the super bowl be cautious as it could be a huge HS and bee sell the news.
- If this triangle breaks out to the upside it will be a huge move!
Draft Kings forming CUP w/a HandlePlay the earnings runup on 2/25.
Cup with a Handle, with a breakout at $55+.
Put an alert on your Tradingview!
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
LONG DKNGBegan accumulating below the red line. Been adding 400 shares per day since this pullback.
Looking forward to the short squeeze on the horizon.
Will be epic!
Never bet against a Gambling company!
DKNG ANALYSIS Hi, this is the first analysis l made and published. I hope it's helpful and you guys can understand it. Feel free to give any feedback.
I think it's matter of time before DKNG breaks out again. It has been consolidating and making a triangle figure for over 3 months now. My price target around $70 is based on the all time high price of $64.20 and the big -40% drop back in Oct. A good entry point would be around $48/$50. Let me know what you think.
NASDAQ:DKNG
BMV:DKNG
DKNG split chart 4hr and WeeklyBullish. Let me just lead with that. I've played numerous calls over the last few months. Huge fan of the stock, the chart, and the company.
So of course I am back ready for more calls. $DKNG follows $PENN a lot don't forget that.
Right now I am watching:
jAN 22 $55 WEEKLY CALL
FEB 19 $60 CALL
Most of my target calls I will not even think about until Thursday or Friday.
On the top chart, the 4 hour, top resistance setting it at the $55.19. Bottom support should be around the low $44 area.
The moving averages are packed very tightly - they appear to have flattened out and are trying to turn sideways.
Bottom chart, I went with the weekly, because I wanted to show the volume trend over the life of the stock. Notice the peaks between Sept-Nov an the gradual cool down since then. Would like to see some of that range come back.
$DKNG.
TSCRF - Score Media & Gaming - The Next Big Thing? HODL?TSCRF - Score Media & Gaming
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Long Entry on Pullback to 1.87/1.62/1.43
Possible FOMO on volume & breakout
Adding on Pullbacks near bottom of channel
HODLing
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
DKNG bullish chart update In depth chart linked at the bottom, holding above that downtrend resistance line lets see what tomorrow has in store for us, if we can hold above 52 overall move is to 57
$DKNG Swing PlayThis play on $DKNG is fractally charted:
Monthly Trends- white
Weekly Trends- purple
Daily Trends- red
Hourly Trends- Teal
The targeted gain is 8.68% and the max loss is 4.57%. The target entry for the play is 54.70, the exit target is 59.45, and the stop-loss is at 52.20. The goal is for the price to break out of the 2 fractal wedges that it is currently in and bounce off of the trend high (of the downtrend) that created the smaller teal valley (2 hour). Price would then need to test the trend high of the monthly uptrend.This play on
GNOG daily support and resistanceGood morning traders
NO POSITION - Was alerted on news "Golden Nugget Online Gaming shares are trading higher after Benchmark initiated coverage on the stock with a Buy rating." so decided to take a peak at the daily on this stock.
Not sure we see much of a volume push on this but thats the big thing it needs, volume. Besides that, it has strong support and if anything, i'd enter february CALLS.
$GNOG $DKNG $PENN
𝗖𝗵𝗮𝗿𝘁 𝗥𝗲𝘃𝗲𝗮𝗹: $DKNG Daily. Up ~13% Since EntryOver 56 and think it can really fly, but already nice start to swing. Protect profits if that resistance holds
$PENN $QQQ $SPY #Trading #DraftKings
FUBO - Did We Miss it Premarket? Should DKNG Be Worried?FUBO - Did We Miss it Premarket?
Possible gap fill to 32?
Entry = 23 - 28
1st Target = .236@32
2nd target = .382@38
3rd target = .5@42
HODL Target = +53
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
DKNG - uptrend patternZoom your timeframe out - dont use a quick timeframe on this stock. It's in a clear uptrend.
$DKNG $PENN $SPY
PENN daily fib linesThis is almost textbook when it comes to fib retracements.
Watch for a breakout over $100. Also this will pull others with it $DKNG for example should go also.
NO POSITION as of now but I am LONG calls on $DKNG.
$PENN
$Dkng Ultimate Chart DKNG looks like the daily low is set and now we continue to the upside although if we cant break resistance this can be a huge bull trap, overall depending if we ever do get a lock down than ill reconsider this count. Then again march madness is approaching with the super bowl personally i am not playing this but chart does looks good!
DKNG back to ATH again? DKNG if it can hold above 52.50 I'm looking at 57 short term and an overall move to retest to ATH. Last time we were at 63.91 we took a big hit due to pandemic pressure. Couple catalyst to keep this pushing, Super Bowl, NBA, March Madness, on top of states pushing to allow mobile betting. Wouldn't hurt to add here for a long term hold on option contracts that exp 2023 and shares. DKNG can easily become a 100$ stock in the next couple years.
Key Levels
Resistance / Support
53.48 50
55.68 48.02
59.40. 46.50
DKNG falling wedge breakoutIf Dkng can hold above 47 Im seeing a retest of 50, under 47 I'm seeing a bounce around 44.70 for an EW 1-2 setup. Under 44 its going down to my major wave 2 target at 42. Keep in mind we can see some blood today with the GA Senate runoff (market uncertainty). So scale in on these dips!
So much to look forward to this month expecting a minor sell off with 2021 leap exp 1/15 but NBA, NFL playoffs, College Football, Superbowl coming expecting a bullish push towards end of month
DKNG can see more blood but still Bullish Long term!DKNG still has more room to bleed under 45.81 I'm seeing 42, which would be an ideal entry to scale in long term positions! In an abcde correction so watch for a break out of the falling wedge to retest 49, clean break and hold above 49 i see an overall move back to 53
