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DKNG

Is DKNG a bettable buy?As shown on the daily chart DKNG has been on a clean rise this entire year now up 100% over the first six months. An earnings report is due in about three weeks. Sports betting may have some seasonability and most of all collegiate and professional sports are in the off season at this time. No matter, the chart shows a steady rise since the last earnings ( small) beat in an ascending channel between two and three standard deviations above the mean VWAP anchored one year ago. The MTF RSI indicator of Chris Moody shows both RSIs at about 70 and so not overbought. Trading volumes are steady and consistent. The relative volatility indicator shows some increases in the past 9-10 trading days. Overall, I believe that DKNG is suitable for a long swing trade which I will close just before earnings.
NASDAQ:DKNGLong
by AwesomeAvani
1
DKNG - Rising Trend Channel [MID -TERM]🔹Strong rising trend channel in the medium long term. 🔹Between support 24.53 and resistance 26.92 in rectangle formation. 🔹Supports 21.00 in NEGATIVE reaction. 🔹Technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:DKNGLong
by wavepoint99
DKNG Long Continuation TradeDNKG has an uptrend from a triple bottom in mid-March. As shown on the 2H chart volume especially buying volume is increasing while on the RSI indicator, relative strength is rising confluent with the price action. This looks like a quality swing long setup during the NFL draft and upcoming playoffs in professional hockey, basketball and baseball potentially boosting earnings The stop loss here would be $ 0.05 below the previous high of the year in February since price is now above that support. Targets are the highs of February 2022 and then the distant final target is the neckline of the 2021 head and shoulders pattern ( all time highs ).
NASDAQ:DKNGLong
by AwesomeAvani
Long Trade in DKNGThe leisure gaming group, as a whole, is setting up in a textbook breakout pattern. Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher. DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend. If you look at a daily chart, you'll see the stock is up 13% this week but running into longer term resistance. Ideally, DKNG would consolidate for a few days in the HKEX:21 - HKEX:22 range to absorb any supply from sellers looking to exit near 52-week highs. There are 2 places I would consider buying this stock… First would be a breakout to new highs above HKEX:22 on above average volume. This would signal to me that funds are still buying heavy, and I would want to be along for the ride. The other potential buy point would be a pullback into the moving averages and this week’s breakout area. At HKEX:19 - HKEX:20 a share, I would be a buyer in DKNG with a sell stop just beneath the 50-day moving average.
NASDAQ:DKNGLong
by rossgivens
DKNG SHORTDraftKings is trading at the $21.20 - .30 level! This is the resistance zone that held the stock since March 2022. In order to break through this line, we will need much more movement much more optimistic economic news! Which I don't really see at this point. Reasons to short: - Currently, at the resistance zone, every time it touches this line moves down hard. I am not seeing it will move HKEX:5 or more, right now I am seeing the HKEX:20 - HKEX:19 range to find support. - At the 4H chart, you will see that DKNG is trading at an overbought level (RSI 74), DKNG is the kind of stock that really respects the overbought and oversold range. Given 2 major resistance and overbought for DKNG expect to short.
NASDAQ:DKNGShort
by TugsMM
1
How is DKNG here?I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment. LONG TERM: This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an easy $40 dollar stock. SHORT TERM: I don't like the way this stock is looking for short term. It needs to squeeze and set some real support on this 10.54 mark before working it's way up to test that tough 17.49 resistance.
NASDAQ:DKNGLong
by KinCobalt
dkng bull flagLooking through some charts and noticed a bull flag forming in DKNG. Provided the overall market doesn't implode over the next couple days, I'm thinking it fights its way back up into the 16s not expecting it to break out of the flag formation but definitely possible/likely to test the top of the channel imo. Nice volume gap from here all the way up to the 16s area doesn't provide a ton of resistance. One issue I am seeing is the IV on the options contracts is very high. No position currently but will keep on watch and look to play it if the set-up stays the same. Not financial advice!
NASDAQ:DKNGLong
by EZmoney24
1
DKNG Demand Zone + StrengthCompany : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs. This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large organizations. These agreements and contracts only have pushed DraftKings Higher. While the Market has continued to drift lower these past weeks, DraftKings has been taking a necessary hit from its large run-up. DKNG is entering a Major Demand Zone Dating back to the IPO days. Technicals are showing a very large demand zone from the near $15 level towards the $10 level. With this heavy support area, we may see heavy consolidation for a time being, and a Strong appearance of Buyers. This is a strong thing to note out, as this could be a strong Long-Term Aquiring location for many Investors to pick up in this Bear-Market.
NASDAQ:DKNG
by ZachSap