Dknglong
$Dkng Ultimate Chart DKNG looks like the daily low is set and now we continue to the upside although if we cant break resistance this can be a huge bull trap, overall depending if we ever do get a lock down than ill reconsider this count. Then again march madness is approaching with the super bowl personally i am not playing this but chart does looks good!
DKNG back to ATH again? DKNG if it can hold above 52.50 I'm looking at 57 short term and an overall move to retest to ATH. Last time we were at 63.91 we took a big hit due to pandemic pressure. Couple catalyst to keep this pushing, Super Bowl, NBA, March Madness, on top of states pushing to allow mobile betting. Wouldn't hurt to add here for a long term hold on option contracts that exp 2023 and shares. DKNG can easily become a 100$ stock in the next couple years.
Key Levels
Resistance / Support
53.48 50
55.68 48.02
59.40. 46.50
DKNG 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
DKNG time to boom! DKNG has been consolidating for about 2 weeks now, gave it a shot last week but with market sentiment being very uncertain now we have some certainty restored. Vaccines have been approved which is great for sports so we should see DKNG get a nice boost. Now we just need positive stimulus news and market will pump.
resistance: 50.91, 52, 53.71, 54.83
support: 49.06, 47.70, 47
My plan:
safe: 50C, 55C (12/24 - 1/15)
lotto: 55C, 60C (12/18) (high oi and vol with these contracts)
*keep in mind lottos are very high risk, set stop loss or let it ride out and secure profits whenever you want!
DKNG getting ready for a big move DKNG loves to consolidate for some time and rally the next week so im expecting a big move some time this week or next week at the latest, support is at 47 under that dkng can drop fast. If it holds above 47 the way its been this past week we can see an overall move to retest resistance at 54-55 and go for that gap fill. Breakout of this handle and we could see dkng back at ath!
PT 58
US Stock In Play: $DKNG (Draftkings Inc)$DKNG has traded back into its 9 months trend channel zone, breaking above its 50DMA. At the current junction, $46.25 price level would be acting as its immediate support resistance; coinciding with its 50DMA.
The first major price resistance hurdle to clear is targeted at $55 range gap, before a breakaway acceleration towards its all time high level at $64.20.
DKNG bull flag, can we keep pushin!DKNG has finally reclaimed my overall channel. Right now i can see a bounce at $47 (.618 fib) and we bounce to see 51 if we carry the momentum we have for the rest of the week. Volume is great, over 20 ema so i can see 51 by end of the week. If it can Hold above $47 overall move is back to $55. Under 46.50 i can see next bounce around 44 and possibly fill that gap at 42.77 but with the momentum it has, i dont see dkng going down this week but keep in mind basketball is starting in a few weeks so dkng is at a good price to go long... 2022 - 2023 Calls
my PT is 52
LONG DKNGNEXT PT are as following 43.80 51.75 64.51
Broke out of 38.45 Res. line and tested nicely! With Money Flow coming in and Accm. is happening while RSI is super low
Next TGT is 43.13 Rising LT Support line that turned Res.
Lets take it back as im sure the Masters + New Election of 3 news states trying to approve + NBA coming back before the new year = More earnings for the 4th QTR 2020.
Really would love to explain more about FIB and the retracement that has happened but im sure ya'll caught up to speed.
DKNG DraftKings Reach Oversold StatusInvestors are beginning to get spooked out of their shares due to multiple factors: COVID-19 Positive Test Results in the NFL and PIPE Shares officially becoming unlocked.
Shareholders are forgetting the Major Supporting Catalysts to this company:
-Exclusive Deal with ESPN/Disney
-Becoming an exclusive partner to multiple Professional Sports Teams and Leagues (NFL/MLB/PGA/NBA)
-Disney holding a Major Stake
I Highly Suggest you consider adding before this stock regains strength.
DKNG LONGDKNG long entry on the break of the falling wedge structure. Daily time frame printed a bullish hammer candle on the 100 moving average which is also confluent with a previous support level and .707 Fibonacci retracement level.
Stop Loss: Daily close below 40.43
Target 1: 40.36
Target 2: 52.13
Target 3: 56.78 (gap fill)
DKNG LONG dip buy here DKNG holding above support good price here to add for long term portfolio. At the bottom of my channel with lots of upside room for it to run up. Keep in mind if any sports(NFL, MLB, etc.) were to cancel there season it will drop, but sports betting will always be around! Shares long term and 2022-2023 exp leaps will print for options.