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
DKNG ScalpDraftKings is an American daily fantasy sports contest and sports betting provider. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player and team performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League, the XFL, Mixed martial arts (MMA) and Tennis.
Short term scalp
Long DKNG
Entry 18.50
target 19.50
stoploss 17.50