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DKNG

DKNG back to 70+?DKNG 1HR CHART... After a strong sell off from reaching ATH, we seen some bullish momentum in the past 2 weeks with a strong close on Thursday. March Madness championship is Monday April 5th, so a potential catalyst to help this momentum continue. Expecting to see some bullish price action early this week and sell the news with sports activity decreasing. Possible catalysts to keep a look out for... gambling laws, partnerships, app features, etc. A safe entry would be on the break of 65 and a hold, to ride it back up and retest ATH. A Break Under 61 I would consider looking for a short opportunity to mid 50s depending on the overall market sentiment.
NASDAQ:DKNG
by jUiCE_Trades
Bullish on DKNG(This is not financial advice) Hello everyone, today I have a TA on DKNG that I spent quite a bit of time on. Sorry this TA might be a little bit confusing and messy but there was a lot to go over and I will try my best to explain it all. To start off the reason I am interested with this trade is because I can feel excitement building up in the entertainment are with stocks like FUBO, GMBL, U and of course DKNG. I am both bullish on DKNG long and short term and I see it either dropping to support at around $58 and bouncing to either new ATH's or old highs. I have my support shown with the rectangle box and the red channel it is within. DKNG has been within this upward red channel for months and I believe it will stay in this channel and bounce within it. I have also set up price targets that you could possibly take profits at on different resistance points as well as supports on your way up. I took out most of the Fib lines to make space but I left two that I think are pretty important in this case. On this Fib Retracement you could buy at the 0.5 if you wait for it to fall to there where there is the fib line and two supports and the pattern of the RSI combined with the hype building up around the stock again as people talk about it more and MLB starts. buying 58 area is very low risk and a very solid buy if it falls back there. Otherwise I set up two other good buy areas you can see on the chart. The MACD does signal for a buy next market open most likely but it could be wrong and fall to that safe support buy area. The 20 day EMA is bullish as well as the VWAP if you change the timeframe. To conclude DKNG is a pretty volatile and active stock that I see being a great company long term and if I am right about my DD great short term as well. This stock would be a good day trade, scalp or swing trade. The only problem with a swing trade would be that in the current market swing trades are a little bit more dangerous. If you have any questions about this trade or the TA or disagree be sure to leave a comment. Thanks for checking out my idea if you like it be sure to thumbs up and follow. Thank You! - Vlaire
NASDAQ:DKNGLong
by vlaire
DKNG Stock 12/03/21 Analysis 4H Chart(DRAFTKINGS: DKNG ) - Trend Analysis - 📑Value: 0/20 📈Growth: 14/20 💰Profitability: 14/20 🚀Momentum: 20/20 💸Earnings: 14/20 🖇️Total Score: 62/100 Analysis: Low: $41 Average: $72.83 High: $105 Current: $72.96 Income Statement: Revenue: $614.53M Gross Profit: $267.94M EBITDA: ----- Net Income: ----- EPS Diluted: -$2.76 Cash Flow Statement: Cash from Operations: -$337.88M Cash from Investing: -$227.34M Levered Free Cash Flow: -$49.38M Unlevered Free Cash Flow: -$48.72M Free Cash Flow: -$1.26 Balance Sheet: Total Cash: $1.82B Total Debt: $81.61M Total Debt to Equity: 3.03% Current Ratio: 3.96 Quick Ratio: 3.96
NASDAQ:DKNGLong
by investor_kings
SLGG - the new gaming platform, we are scalping it for 3 daysSLGG : Love this stock! it’s a sneak attack! Fundamentals : Gaming platform that will monetize on the amateur to pro gamers by ads, tournaments, and eventually with subscription base. The gamers world is valued at 15B at the moment and if they will get 10% of that sector to pay as little as 5$ per month that could be massive -but that is very far of where they are at this point of time. They have collaboration with big names such as Fortnite, Clash Royale, battleground. They have media partners like Nick, twitch, Netflix, Instagram and sony. They have 5M monthly hours of viewers engagements, 2.4M members on social media and 3M subscribers. There is a lot of potential in this company and can be the next DraftKings of gaming world or the next Netflix of paid streaming. Let's talk technicals : 1. first we have a steady strong trend up for 90 days with 77% rise, that took place between 3rd of Dec till 25th of Feb. that showed stability growth on catalyst! 2. Massive jump-started on the 1st of march – hate seeing that cause that took our stability away and put us in hype mode – prob the Reddit pump… 3. RSI overbought but has bit more left in it 4. VWAP at 5.6 – not good pullback to that area probably today! 5. Needless to say ADX is trending strong 6. Notice POC level is exactly on the 50% line (if you put only the relevant price action in the chart after the jump) What now? So now we have a jump of another 108% in 1.5 days of trading – not great! that means the drop will be just as massive – we will need to have a pullback to 5.3 (50%) in order to enter again and trade it stable.. Meantime we will just scalp it with a tight S/L and wait for the drop Once drop happens we will see a 5.3 support level and we need to watch closely to see if it breaks that level down – if it does it cannot go below 4.6! if 4.6 is crossed we will see a gap fill all the way to 4.00 Which then I plan to buy the dip and go big! (not a recommendation!) If we don’t see a break on the 50% line (5.3) we will converge on that level and start seeing an uptrend with stability towards the 7$ again – WE NEED TO conquer the 7$ stable for this stock to rally on. The union is long on this stock because of catalyst and not because of a pump or anything else I think this stock can be worth over 30$ in less then a years time. Volume analysis : 3 months avg : 2.56M Gap up jump : 27M !!! Yesterday trading session: 9M The last 3 days of trading : 3.7M Meaning volume is way higher and showing stability of hype in the stock in the last 3 days and if volume stays around 3M and above stock will keep trending (can be a massive trend down also -volume is not a bul or bear its just showing interest don’t forget that !) FREE FLOAT: 18M Not too small, not big ! Short interest -21% (460,000 from 584,900) Short lowered since catalyst is big so bears pulled back – a good sign for more upside room till they will enter again An important point to look at : So Jung Mark a director in the company has bought over 9 times in 2019 and currently holding over 50k shares. Trade safe and be safe! see you on the other side of the bear market, and stay strong!
SLong
by FDGT_academy
4
DKNG finally has breakout :))posted DKNG was gearing up for a solid breakout. they had a great earning on friday but with the market downtrend it didnt do the best. it hard a really hard time breaking the 62 dollar mark. i am assuming a-lot of contract expiration were ending last Friday witch didn't help the stock climb. today it broke out of the channel and i sold 10 of my 30 contacts to take some profits. lets see what happens and ill sell the rest. companys alway retrace back to the channel (blue lines) so when doing so be cautious
NASDAQ:DKNGLong
by TradingPapi_
1
DKNG is it time to ride this train back to ATH?After a nice rally leading up to the Super Bowl it looks like this beast has settled down, not much sports betting activity besides NBA and March Madness which would be a big one. After that I feel the stock price will see some flat movement and run based on states passing betting laws. Also keep in mind we have ER approaching soon so that will cause a possible run up. DKNG is currently in a downtrend channel and is looking primed to break out soon. We also have a gap down so keep in mind this could potentially go for that gap fill at 55. The Safest entry would be to wait for the breakout of the resistance line with significant volume for a confirmed sign of reversal. Now depending on market sentiment, we could see more room to the downside, where you could get a nice dip entry (buy zone located in chart) to long. Key Levels Support: $58.86, $56.86, $55.14 Resistance: $60, $61.11, $62.46, $64.21 Ways to Play this: 1. Load Up Shares 2. Enter on breakout of downtrend resistance with month out calls 3. Buy on the dip if this goes for a gap fill 4. 2022 leaps Option Ideas: low to high risk contracts (High OI and VOl, very liquid contracts so you can get filled easily) 60C 3/19 4.30 65C 3/19 2.57 60C 2/26 2.62 65C 2/26 1.05 60C 2/19 .57 (lotto) 62C 2/19 .21 (lotto)
NASDAQ:DKNGLong
by jUiCE_Trades
13
Update on DKNG, tested previous high, good newsDKNG has contended with its previous high which bodes well for future performance. It's a very low probability event that any stock, commodity, or other financial assets break through a previous resistance without first contending with it. DKNG has carried on trend, and so far Cathie Woods hasn't picked a bad egg. Expect some legs on this trade, especially after earnings when the rest of the world realizes how attractive the prospects for this business and stock are.
NASDAQ:DKNGLong
by EBITDAtiger
5