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DKNG

Bullish on DKNG(This is not financial advice) Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings. My main reasons for liking this play on this stock are as follows: - Dipped even after good earnings and great growth in sports betting - Oversold on RSI - Great Social Sentiment on the Stock - Good amount of volume moving in - 1.2 Risk vs Reward Not much TA really backing the trade laid out some good supports and resistance for taking profits. Let me know what you guys think with a like or comment. Be sure to follow as well. Thank you! - Vlaire
NASDAQ:DKNGLong
by vlaire
1
What's next for DKNG? Part 1What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now. As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as massive psychological support at the 50. All broken through yesterday. Right now, the play is to find the bottom, but where is it? Are we too soon? For the retail bros, it looks like all is lost, and this shit is going to zero. But... check out RSI and my follow up post.
NASDAQ:DKNGLong
by thehappyitalian
DKNG reclaim 60?DKNG 4HR Chart- DKNG had a nice falling wedge breakout with decent volume and a strong close above 58. With earnings approaching as a catalyst, we could see more upside. Would like to see price form higher lows with this current break of the downtrend. A break and hold above 60.50-61 level and we could see nice rally to February highs of 64.70-65. Keep gambling laws, other gambling stocks' news (sympathy plays), etc. on watch as potential catalysts to help boost the Donkey Kong to the moon. Recent news with mobile sports betting laws being passed in states has resulted in pump and dump situation, so keep that in mind as well as current market sentiment.
NASDAQ:DKNG
by jUiCE_Trades
1
DKNG - Drop towards 35/40 possible before seeing any rallyDKNG - Not sure about the wave count for this rise but the fact it's so overlapping and contained within this channel makes me believe it's a corrective move rather than a Diagonal for exemple. The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion. If this goes down in a corrective fashion though, we might see it turn into a Triangle or a complex correction.
NASDAQ:DKNGShort
by ElliottWaveBelgium
1