The power of a secondary offering $DKNGJust writing a blog about secondary offerings and wanted to illustrate what often happens when they are announced.
Draftkings
DKNG can go PARABOLIC... $67 today DKNG broke out of this ascending triangle pre market so we will be up massive at market open! GOOD NEWS is coming out for DKNG everyday that beats out that COVID news with the Titans and Steelers situation. PT 67 by the EOD! Looks like we will wont be filling those gaps down anytime soon!
Draftkings, The pullback for the punch?We'll keep it simple today.
Today we examine the daily chart.
Since the end of August, price action began to move in this ascending channel
Since mid September when the market was flushing, Draftkings held strong.
There are some slight indicators according to my TA that this one could pullback slightly this week, but also could resume its path back up this week, I dont see this one falling out of this channel in my personal opinion
Analysts have raised price targets and momentum has picked up since announcing Micheal Jordan to the board and announcing an ESPN partnership.
Could more great business news be in store for Draft kings?
Shares for short, mid, and long term could be in an attractive range this week.
Options to the call side might also be a an attractive trade this week.
With all things said, we need the price action to stay in this channel to use these strategies and to reach new highs.
DraftKings: Targets Near 70Hello Traders,
Not much to say in the write-up as the chart speaks for itself! :-)
-zSplit
DraftKings Bulls Set to Rally - $DKNGNASDAQ:DKNG
Sports betting is continuing to gain traction and acceptance across the United States. With sports actually finding their way back on the field since the long COVID-19 break, you would have to HATE money to not look to get extremely long in this name.
From a technical standpoint, it is attempting yet again to breakout of that $26-$41 (two purple horizontal lines) range that PA has been stuck in since printing its last high back at the start of June. The orange box has historically been a strong supply zone, sending us back down to the bottom of the range after attempting to gain price acceptance above the horizontal purple line around $41 in June.
If we can get a couple daily bars to print and hold above the first diagonal dark purple line, I like this name to make a strong move to $65 in a relatively short period of time, which would be almost a +58% move from current price of $41.
Good Luck.
- PennyBags
Bullish Flag breakout for DKNG??It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST.
The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading.
Higher lows on the RSI and it's looking like a higher high is going to occur in the near term.
Overall a few bullish indicators, add to the fact Michael Jordan Joins DraftKings as a Special Advisor to the Board and there's sentiment for upside price action.
DKNG MJ Investor and Adviser Price is bullish market flow
News came out the The Goat this morning became an investor and advisor for the company.
Follow Smart Money
DKNG After NFL Start and EarningsMorgan Stanley analyst Thomas Allen has downgraded DraftKings, which is represented by the loss (A-C) until the NFL season starts. DKNG shows promise with its last earnings so we can expect big gain between the combinations of NFL start and future earnings.
Bullish Charts - Online Sports Betting Play & New Boyd ContractInternational Game Technology PLC operates and provides gaming technology products and services worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy. It designs, sells, and operates a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services. The company also designs, develops, assembles, and provides cabinets, games, systems, and software for gamin market, as well as offers gaming management systems for casino management, customer relationship management, patron management, and server-based gaming. In addition, it provides video lottery terminals (VLT), VLT central systems, and VLT games; and amusement with prize machines and games to licensed operators. Further, the company offers sports betting services on sports and motor sports events, and non-sporting events, as well as sports betting technology and management services. Additionally, it provides digital gaming products and services, including poker, bingo, and online casino table and slot games; social casino content; and remote game server, as well as iGaming systems and digital platforms that offers player account management, advanced marketing and analytical, and payment system services. The company processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfers services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was founded in 2014 and is headquartered in London, the United Kingdom. International Game Technology PLC operates as a subsidiary of De Agostini S.p.A.
IGT is known in the industry and is well respected.
The company started jumping into online sports betting. This is a hidden gem teaming up with some huge players / casinos. See news below.
IGT Announces Sports Betting Technology Agreement with Boyd Gaming
finance.yahoo.com
IGT, FanDuel Ink Multi-Year Sports Betting Deal, Shares Rise 7%
finance.yahoo.com
Target: $18 to $20 or higher
Weekly Chart looks like a Bull Flag
Daily Chart: Volume, PMO, MACD, RSI, OBV, Stochastic and Accumulation are trending up, Bullish
Long!
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The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
DKNG ready to retrace after completing wave extensionDKNG has had a nice run up the last 3 days completing its wave 5 extension.
With RSI over extended its retracement point looks at about $36 at the 61.8 Fib
Stop is a close above today's high at $37.5
MLB NBA +DKNG=$$$$Well we had a healthy pullback and this i feel is ready to go again with sports starting up wish it was sooner to help with earnings but we will take what we can get...
DKNG - I Am Buying the DipDKNG
CURRENT POSITION (Friday Entry) = 21AUG20 35c x10 @4.90
Adding to position with shares and/or options if it dips to 31 (100ema 4hr). Building a long-term position to hodl but will also continue to swing and scalp as long as it gives us that pleasure.
The Inverted Head & Shoulders is obviously purely speculation but technically speaking it is setting up for a LONG.
Plan accordingly and be careful with the extreme uncertainty in the markets.
____________________________________________
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
DraftKings $DKNGEntry $38.5
S/L $34.21
TP1. $42.79
TP2. $50
12 months Consensus Price Target: $39.75
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
DKNG Short Set UpWill be monitoring DKNG if we form a double top here over the next week or two (see magenta lines). Will plan to short and close at the prescribed red dotted line
DKNG making move back to midlineMonday's Iron Condor sellers and straddles/strangles will like the tight ranges for this Friday's Expirations...!
Perhaps I'll ride my first IC all the way to 6/5 expirations?
naw...
DKNG IC Strangles & Straddles...Sold 10 IC for Friday at peak on Monday for the premiums.
I liked the down move early but the sideways pattern needs to move by Friday expirations.
The range needs to move more for max profits... we'll see!
DKNG - Draft Kings Swing TradeWith Sports scheduled to start making a comeback, we've been looking at this one for a Swing trade. Right now the stock is going parabolic so we're definitely expecting a pullback but we're going to keep riding it until we see some resistance.
Currently up 50% on this trade, possibly securing profits at the $48 level.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Ready For take off !Well as soon as MLB negotiations settle with players For July Start I think this one is off to the Races Being there will be not much else to do.. Wish i bought More...
Draft Kings BubbleIN MY OPINION
The coronavirus has sparked a lot of interest in people with (extra money) stimulus checks/unemployment and (extra time) unemployed. When things go back to "normal" and people go back to their regularly scheduled days they will forget about gambling with draft kings but not all of them. I think there will be a solid price range that it will hang around... Right now the most resistance I've seen is around 18.68 and 11.43 for support. Of course price action isn't the only thing to factor in what a company is worth..
I will be looking to short this once momentum slows down.
Draft Kings is a Monster - Long Live Sports BettingsDraft Kings I personally believe is worth double what it is now. However, sports not being played all that makes it scary for investors. With news on earnings today I think you see a big time change. I think it will consolidate in the corner forming an ascending triangle and breakout the top. If it doesn't I also marked put options where to enter and wher to check on the way down.
Personally I am long not just on 30% rev earnings, but I love draft kings myself, their customer support, overall experience and its a money making machine with little overhead.
DraftKings $DKNGIt is trending up together with MA9, and it is pulling back now. I would expect to meet with 20SMA now.
Bull FLAG Clear Bull Flag forming On the Hour ill continue to watch the formation enter on high volume at break of top of first pull back candle That has great volume with good level 2.. target @25
