$GNOG - Huge opportunity with potential catalyst!Re-posting since TV took down my original post from yesterday.
With most SPACs we tend to see a post-merger decline as traders take profits. However, if the new ticker is a company that has tailwinds behind it then we often witness a rally after the retracement finds support. GNOG is now sitting at the 50 MA after forming a double top . There is also hidden bearish divergence between the price and the oscillators.
Catalyst Watch - Governor Cuomo has been making noise recently about how New York state could benefit from legalizing online gambling. There are rumors that this could be brought to the table for serious discussion as early as this week. Michigan might also be starting up online gambling as early as this week.
GNOG is already profitable and has a better balance sheet than DKNG ( DraftKings ). I like the 1-2 punch combo of technicals and fundamentals here.
Short term price target at $25
SL set at $17. If the price drops below will re-enter trade at 100 MA
Gambling
DKNG over 56.00Fan favorite has given a few fakeouts but looks like it may be ready. 56.00 trigger is pretty conservative. Note that this can be impacted by news catalysts (gambling legislation, league delays or openings) which can cause volatility.
FUBO - Did We Miss it Premarket? Should DKNG Be Worried?FUBO - Did We Miss it Premarket?
Possible gap fill to 32?
Entry = 23 - 28
1st Target = .236@32
2nd target = .382@38
3rd target = .5@42
HODL Target = +53
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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
Riding the psychedelic hypeWell this is just gambling.
Numinus Wellness inc. has a 200 Million Market Cap, Mind Medicine 700 million And Cybin only 20-30 Million. So I threw one K at it. Let's see how this crazy rollercoaster goes.
$CLIS Announces Pooch Hall from Showtime as Lead Primetime HostWinQuik(TM) App Announces Actor Pooch Hall From Showtime's Hit Series "Ray Donovan" as Lead Primetime Host and Makes Changes to Include Celebrity Cameos.
New Format Launching Dec.15th Reduces Response Times, Allows for Faster Gameplay and Promotes Pop Culture Trivia
BEVERLY HILLS, CA / ACCESSWIRE / December 15, 2020 / WinQuik™ app announced today that changes have been made to improve user experience and to maintain competitive integrity. A major change taps popular host Pooch Hall as the face of the WinQuik™ app, where he will appear in more live trivia games five times a week starting Tuesday, Dec 15th.
www.accesswire.com
DKNG under 47.77DKNG is at a precarious spot right now although it held today. Volume is thin underneath this point and it can drop quick. A rally over the 51.18 level should flip this bullish.
DKNG Update Based off my previous DKNG chart, DKNG is pushing up towards the 55’s. I think with the impending 2nd lockdown coming, DKNG has a chance to have another bull run. Around the 3rd week of March when the national lockdowns began, we can see in the purple shaded rectangle, the lockdown seemed to serve as a catalyst in a bull run. As we also saw in August in the pink shaded rectangle, we saw a doji which represented a bull reversal. As NBA starts to ramp up, with the addition of Virginia legalizing sports gambling, DKNG may have a “lockdown proof” earnings in January.
I do believe that DKNG is due for a reversal, so I will be looking to add more around 48.63, 46.66, and 44.78. If DKNG can maintain the 44.78 level – 50 day EMA, I think that would be a prime entry point and possible confirmation as support.
Draftkings Long DKNG pushed up to as high as 65 after the restart of sports, but with the recent public offering of shares, DKNG had a huge drop in pricing. I believe that DKNG is a great company to hold for the future, and this presented a potential great buying opportunity.
DKNG helped the trend line dating back to April. Though this is not too long of a historical trend, in my opinion this is still significant given that DKNG is still relatively new. We saw the reversal on November 2nd off that trend line, which gives me suspicion that DKNG can continue climbing back to the 50’s. We also have good momentum leading up on the MACD.
I’m looking to add more DKNG if we can reach 41.79 or 39.70 (possible downside) to average down on my shares. There is a chance we see a bit more downside before DKNG is primed.
At the close of Friday’s session (11/13), the price action fell in the volume shelf where the majority of this stock has traded in the last year. I’m looking at 45.50 and 47.42 as possible levels of resistance. There is a good chance DKNG will run up to 55’s if it can break these levels. The main catalyst I’m looking at is the restart of the NBA in December and the days leading up to the NFL playoffs. This is a good opportunity as a long term hold based on the potential of the next earnings season.
Can continue uptrendThis name is dependent on COVID news but has gotten back into formation and can make another big move up .
S&P 500, from a different viewA contested election will likely send us sideways and further into the current wedge but with little predictable volatility.
Biden win could break us down and accelerate the wedge, giving the index an intra-week target of 2850.
Trump win could also send us sideways and further into the current wedge, with the next likely move being to the resistance at 3500. Ultimately leaving open the case for a bull flag, with a conservative target of 4000 for August 2021.
Betting on Draftkings : Oversold+signs of recovery $DKNGFA,
- Market cap : 16BN. Global TAM : 70BN
- Top rated app(4.8/5)
- Currently in 7 states(12% of US population). 19 states with mobile legislation while ,majority are still being considered
- iGaming CAGR New Jersey (2014-2018)- 25%
- Products : Daily fantasy sports, Sportsbook,iGaming.
- Building a great brand.
-Personalized experience
-History of track record = More data.
- Michael Jordan as special advisor. GOAT
- Habits picked up from Covid lockdown
TA,
- RSI oversold. 36. Rising up
- Closed above downtrend on 4H
- Short interest 23%
Entry: 43
PT1:50.5
SL: 40.2 (6.5% max loss)
Short term Swing
Risks,
- High volume during pullback
- Hasn't closed above downtrend on daily
Top or Flop - Grenke #Gambler #Trade #Grenke #Wirecard #gljHere once a completely hot Gambler Trade.
If the rumors are not right, then new all time highs in the next 4 years with the target range of 123.50 euro per share.
If nevertheless, there is a completely clear exit on May 2006 high with 21,18 euro - not one cent deeper.
Greetings from Hanover, Lower Saxony
Stefan Bode
$PENN : The Barstool Sports stock is in for a correctionDave Portnoy $PENN stock is in for a correction .
FANS.C -- Multiple bullish divergences and promotional campaignFANS.C has formed a double bottom on the chart in the low .20s. Multiple bullish divergences on the Daily Chart with a strong pickup in Accumulation even as stock retraced to test the support line.
The original drop was caused by shares issued as part of recent acquisition but there are early signs of bullish momentum returning. The company is running a promotional campaign in the US and Canada which should help with volume needed to absorb the remaining cheap paper.
Good news flow. Expansion into the US market and sold new hires.
FANS.C -- Potential oversold bouncePotential oversold bounce play with some paper from recent acquisitions causing the price drop below .30. RSI is in oversold territory. Good support in mid to high .20s.
FANS.C - eSports/Gambling Growth StoryFANS.C is in the right sector during the pandemic and has seen massive growth in the past few months. The stock is temporarily range bound due to the still open $5M financing announced last month. .42 - .45 is proving to be strong support zone. RSI briefly hit oversold area on the hourly today. The company plans strong promotional push following the closing of financing that could come any day.
DKNG might have a pullbackI hate to see the days of this long money print machine getting choppy. $DKNG just made people so much f*cking money on the long side it's hard to bet against. But we are starting to see some chop and I wouldn't be surprised by a temporary pull back. The real question is, is this coiling up for another explosion higher? If you think it is, might be a good opportunity to get in if you've got the stomach for it.
DraftKings $DKNGEntry $38.5
S/L $34.21
TP1. $42.79
TP2. $50
12 months Consensus Price Target: $39.75
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Glad I didn't get this, Looks Fishy!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, JFIN has one of the biggest jumps and declines I ever seen analyzing stocks. I seen pump/dumps and exit scams before not rise and crash as much as this stock. Now, I am not trying to say they are a scam or point fingers, but something looks very fishy. All of the sudden they have a dramatic volume increase and everybody starts panicking right after? Seems like if what I think could be happening actually happened, a potential delisting is on their way. Shorten this if you don't like gambling, because either way this is blatantly high risk of an investment for an obvious charting pattern reason.
DraftKings $DKNGIt is trending up together with MA9, and it is pulling back now. I would expect to meet with 20SMA now.
