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GNOG

GNOG - One more trialPreviously, I stated that we see a reverse head & shoulders despite people calling it is normal head & shoulders and I was proven right as after last shoulder we followed the black line I have drawn. Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again this blue line intersects with MA, making it even a harder point. If we break, we are clear in the woods and bullish move will be confirmed. If we come back from this resistance then we will draw smaller zigzags and see a closing triangle. I am bullish on the company and long.
GLong
by S5_Trading_Desk
$GNOG - Reverse SHS formationInitially from the fist part, I thought it was a double bottom W formation and it worked till 16$ but couldn`t break the blue line that`s the resistance and went down again. The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave. Hence I firmly believe, as you can see from the black line I draw, we see a reverse shoulder head shoulder formation. To confirm this, we need to see green till end of the weak and stay above 13.55. Reverse SHS is the mark of trend reversal. With this formation if it occurs, I think we can say the bearsih move Gnog was in since December will change. The only risk is S&P 500 and NASDAQ are coming down from their peak. This might limit the ascend of GNOG I expect but GNOG already had its correction so downward way is limited.
GLong
by S5_Trading_Desk
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
GNOG close to the long term trendline; good entry hereGNOG is an online gambling platform that may benefit from Biden's administration (more here: on.mktw.net). It is trading close to the long term trendline at a 25% "discount" from ATH. You can start a position at this level with minimal risk since you can exit if the price closes below the trendline or price support (white line) with strong volume + other indicators if they are bearish. At the moment the indicators on the chart are not helping much to establish a clear direction so we need to rely on the fact that the price reacted to the zone close to the trendline and 50-ema. Also, the $18.8 level seems to be strong resistance so we have that extra level in case we fall below the trendline. I started a medium size position here and will continue scaling in for the long term. Share the love: If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
G
by Safe_Trades
6
$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
GLong
by TheTravel1ngTrader
1
First GNOG(LCA) opinion / ideaNASDAQ:GNOG NASDAQ:GNOGW Happy new year everyone! lets look at GNOG. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Q3 GNOG REVENUE: Gross Gaming Revenues of $28.9 million, compared to $14.9 million during the same period in 2019, an increase of 93%, Net Revenue of $25.9 million compared to $13.5 million during the same period in 2019, an increase of 92%, and Operating Income of $8.2 million versus $4.2 in the third quarter of 2019, an increase of 92%. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ "Thomas Winter, President of GNOG added, "Our third quarter confirmed and amplified our momentum in New Jersey, with record revenues supported by all-time-high player activity, sustained marketing investments and 64 new casino games, 20 of which we launched on an exclusive basis. Based on our October revenues, we believe that we could generate over $100 million of Gross Gaming Revenue in New Jersey this year." The Company also reported that it is working towards a launch of its mobile sports betting and casino operations in Michigan, possibly by the end of the year, regulatory approvals permitting, and its licensing process is ongoing in Pennsylvania. GNOG is actively pursuing market access opportunities to further expand its US operations across multiple states, and believes that the accelerated growth of online gaming revenues in New Jersey and Pennsylvania will encourage more states to consider online casino legislation in 2021 and 2022." www.prnewswire.com @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ I hold GNOG shares and belive at that stock, this only my opinion and cant wait for next REVENUE
GLong
by talgalimidy
1