DKNG
DKNG Increasing their advertising budget to $44Million Obviously this industry is trying to get a running start on claiming a vacant spot since the pandemic. If the industry as a whole is multiplying their advertising budgets by 15X its not out of line to think that their overall profits will increase as well. Is double industry earnings year over year out of the question?
by iCantw84it
05.19.2021
Draftkings weekly long hold DKNGDKNG weekly looking to range $40-$48 range. I don’t see it going lower than $40 and if so we test $35-$37 before advancing back up. Looking to head back towards $60 in July, mid to end summer advancing back to all time high come fall.
DKNG - Not there yet but getting close to a potential bottomWatch the Fib levels as potential support but DO NOT BUY RIGHT AWAY!
Wait for a base to build first before initiating any long positions !
DKNG on crucial support...LONG OPPORTUNITY This support level seems to have been a strong level in the past...could be a good place to enter long!
I would keep a fairly tight stop loss but my bullish PT would be:
PT1: $58.11
PT2: $64.26
SL: < $47.07
Happy trading!
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
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.
Long entry on DKNGDraftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.
DKNG Bullish Divergence and more!This stock is showing very bullish divergence in the RSI. It also rebounded off the bottom of the channel really hard. I'm expecting these next few days into earnings to be green.
Expecting $DKNG to have a really good run very soon.
Draft Kings - DKNG - In a good buy zone just above $52?Draft Kings - DKNG - In a good buy zone just above $52? Based in technical analysis this may be a good buy zone if price does not dip below $52. Would this be about a 25-30% gain if price goes near $75? We will see what happens in the future!
DraftKings - DKNG - Stock - Time to load up?DraftKings - DKNG - Stock - Time to load up? Technical analysis shows a pattern. Will it repeat or is the pattern over? We will see?
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.
DKNG Analysis $DKNG | #Analysis | #StockMarket
Price Target 68.07 🎯
Bull Flag ✅
Trend Reversal with Break Above Clouds ✅
Consolidation just below 0.786 ✅
Increasing Momentum ✅
Entry on Break of 60.83 with Confirmation ✅
Invalidated below 56.21 ❌
DKNGDKNG is looking like it wants to bounce back into that channel and run. With Earnings coming up I expect a huge pump after it breaks the resistance and pushes into the channel. The RSI and MACD are looking good. It is still under the 200 and 50 MA, IMO I think it will break and that's when it will run. The next 2 weeks should be fun to watch. Let me know what you guys think
DKNG Pattern into breakout(RECOVERED)I made a previous post about $DKNG pulling a "bear trap". It pulled under the channel(wedge) and recovered back on top of it.
Looking for it to hit the top channel, maybe even break it especially with how good a deal and how much PR this company releases.
$DKNG SITTIN ON THE GROUNDLETS GO
MAKE SPACS GREAT AGAIN
WATCH EM PUMP IT NOW AND WE SELL IT AT EARNINGS
DKING $65 Calls exp 4/30Entry: $60.50
Take Profit: $64.50
Stop Loss: $59.50
Validation:
- Rejected off Strong Support around $58
- Crossed above 8 EMA
- MACD about to cross up to green very soon
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.
