NFL :ATH/ CUP BreakoutNFL is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains.
Entry: Enter a long position at NFL's ATH price + 4% (155.15)
Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (124.00) or Weekly Swing Low
Targets:
First Target: 232.30 (Fibonacci 1.618 level)
Second Target: 283.70 (Fibonacci 2 level)
Third Target: 418.20 (Fibonacci 3 level)
Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1%
The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits.
The position sizing ensures that you are not risking more than you can afford to lose.
Disclaimer:
This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions.
Additional Notes:
Consider using technical indicators and chart patterns to refine your entry and exit points.
Monitor market conditions and adjust your strategy accordingly.
Practice risk management techniques to protect your capital.
Please let me know if you have any other questions.
NFL
HOFV oversold at all time low Hall of Fame Resort will develop NFTs to give sports collectors and fans access to exclusive professional football content.
On 1/4/2022 Maxim Group Boosted the Price Target for HOFV from $5.00 to $6.00.
52 Week Range: 0.89 - 7.64
The stock was oversold close to a bullish divergence.
i see a buy opportunity to reach $2.3 short term.
DRAFTKINGS [Breakout]DKNG crossed the creek of a persistent downward sloping supply line today after breaking above the .236 fibonacci level of the retracement shown on the chart.
Anything above $48 is bullish and now that you have a decisive looking candle breaking out of the trendline on the daily, that only adds as further validation.
The price is in the middle of our .236 to .382 fibonacci range, but there are local support levels that could be used as entry areas. For instance today we closed above $50.58, an area that corresponds with a 50% retracement of this range. Support above a 50% retracement is often bullish and could make for an entry for a long but keep in mind your lowest risk area will always be at the macro lower support which in this case would be at $48.06 (.236 fib level).
VIACOM IDEAViacom has been in an uptrend since March, and I think this week will test this uptrend. The trendline has grinded the 50 EMA over the previous two trading days, but did finish the week on a strong note.
I will be looking for the trendline to break ~28.57 as resistance, and looking for an entry point at ~29.10, with stop loss at 25.03.
If successful, I can see VIAC running up to 31.49 especially given earnings season. ViacomCBS has been one of the main broadcasters of NFL, and the public has been more intrigued than ever this season given the pandemic.
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!
DKNG Pull back! DKNG 15 MIN
DKNG forming a head and shoulders looking to bleed more! News came out that several NFL players have already tested positive but I don't see it stopping DKNG that much or NFL in general, but I'm still waiting for DKNG to pull back to 51 (.618 retrace on the daily) to start scaling in for some monthly swings. Keep in mind we have a gap down at 53 and 50 could we fill those gaps this week? Possibly. Will post daily chart to see clear outlook and direction.
DKNG looking to boom (my personal favorite)DKNG Daily Chart ....DKNG sitting in the middle of my channel, forming a bull flag and looking to see it bounce off $46.28 (.618 fib retrace ) and break out the bull flag up to $60 within these next few weeks. With sports entertainment starting up or for some, still going on strong, DKNG has potential to keep running up. Keep in mind any shut down of sports or significant increase in Covid cases could lead to DKNG dropping.
NETFLIX NEEDS TO BUY ViacomCBS (VIAC) - GREAT COMBINATION! The mega deal, CBS / Viacom, is finally done but now we have ViacomCBS sitting at just 5x earnings.
Netflix could gobble up ViacomCBS without hesitation.
If Netflix bought ViacomCBS (VIAC), it would create a mega media mogul. With the purchase of ViacomCBS, Netflix would cut it's royalties / expenses because it would then own a mega selection of content.
Also, with ViacomCBS in the sport betting industry, Netflix could open up sports betting in its app. which could generate billions in profits for Netflix.
National Amusements / The Redstone family are in full control of ViacomCBS and with that said, the family is always looking for the next mega deal!
Netflix has a market cap of around $162 Billion while ViacomCBS is sitting at around $21 Billion.
Netflix could swallow up ViacomCBS without a blink of the eye and create a media giant that almost no other could compete with.
A letter was recently sent to the Netflix board of directors asking the board to look at purchasing ViacomCBS and cut the cost / expense of royalties Netflix pays out for content.
Lets see what happens!
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SPY - EAGLES INDICATORIt's not a perfect indicator, and I'm not sure if it's a leading or lagging indicator.
Every game that the Eagles have played this season, I have plotted the outcome on the chart. It doesn't look like the market likes it when the Eagles lose, or do the Eagles win/ lose depending what the market did that week?
Still testing this indicator!
#EaglesIndicator
#PhiladelphiaEagles