Get started
DRAFTKINGS INCDRAFTKINGS INCDRAFTKINGS INC

DRAFTKINGS INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

DKNG1 trade ideas

$DKNG - Symmetrical triangle single bust play?The price broke down from symmetrical triangle and is resting on support around 42. For the bulls, the hope is that $42 - $38 holds and price bounce back above $52 area. Bears would want to see a break down below $38. Bears also think the chart looks Head and shoulder which I do not agree. Triangles frequently do see single bust pattern where the price briefly breaks down and then reverses to break out of the triangle. Target 1 - $52 Target 2 - $58.32 Target 3 - $64 Target 4 - $88 Risk - break below $38 and worst case $27. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:DKNGLong
by PaperBozz
DKNG Potential Head and Shoulders" A. A strong rally, climaxing a more or less extensive advance, on which trading volume becomes very heavy, followed by a minor recession on which volume runs considerable less than it did during the days of rise and at the Top. This is the 'left shoulder.' B. Another high=volume advance which reaches a higher level than the top of the left shoulder, and then another reaction on less volume which takes prices down to somewhere near the bottom level of the preceding recession, somewhat lower perhaps or somewhat higher, but, in any case, below the top of the left shoulder. this is the 'Head.' C. A third rally, but this time on decidedly less volume than accompanied the formation of either the left shoulder or the head, which fails to reach the height of the head before another decline sets in. This is the 'right shoulder.' D. Finally, decline of prices in this third recession down through a line (the 'neckline') drawn across the Bottoms of the reactions between the left shoulder and head, and the head and right shoulder, respectively... " Technical Analysis of Stock Trends / Robert D Edwards, John Magee, W.H.C Bassetti. -- 9th ed. (59) A near textbook example of an incomplete head and shoulders pattern, which indicates a major trend reversal. The pattern is not yet confirmed. One issue is the strong reaction off the neckline, shaded in red, but the overall descending volume is a strong indication. An additional technical indicator is the break and hold below the 50D EMA This is an analysis only, not investment advice.
NASDAQ:DKNG
by BarnardR
1
DKNG TAhey guys so now we will talk about DKNG, as you can see we’re trading inside a triangle since July 2020. What I love about this type of pattern especially now on DKNG it’s just how it acts flawless every time we touched the triangle we traded all the way up/down. So this ticker is respecting the trend lines, moreover every time we touch the lower trend line and the RMACD creates a bullish trigger we shoot all the way up. So yes I love the probabilities and definitely when the RMACD will create bullish trigger I’ll take the trade.
NASDAQ:DKNGLong
by amirhemo
4
The growth is closeThe paper is in a narrow channel for a long time. 47,7 -51,2. I assume a long scenario, the paper is not allowed down. In case of fixing above the resistance level, the scenario with the target - $65 is realized. There is global resistance there. If it is broken through, the ATX is possible. Watch closely, there could be pullbacks. You can exit the trade with a stop loss if it goes above the 61 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:DKNGLong
by QuantumLabSignals
1
$DKNG - Stan Weinstein's Stage Analysis + Symmetrical triangleDraftKing hits the upper trend line inside symmetrical triangle and unable to break out. Right now investors are in wait and see mode apparent by the bottomming narrow channel. According to Stan Weinstein's Stage Analysis, this could be identified as stage 1 bottom. Bulls are reluctant to jump in due to over hanging etain offer. However, there seems to be changing of hands gradually from bears to bull. It could be possible that depending on etain offer, the stock either could see, a break down to $45 or break out to $60. Target 1 -$60 (short term) Target 2 - $90 (long term) Break down - $45 Stop loss - $41 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:DKNGLong
by PaperBozz
2
$DKNG GETTING READY FOR A +40% MOVE!What Is the Accumulation Area? The accumulation area on a price and volume chart is characterized by mostly sideways stock price movement, which is seen by investors or technical analysts as indicative of large institutional investors buying, or accumulating, a large number of shares over time. Source: www.investopedia.com 1HR - Price trading sideways since late September. Analyst Price Target on $DKNG (TipRanks) High: 105 Average: 70.06 (44.01% Upside) Low: 41
NASDAQ:DKNGLong
by ivanlarav
Draft KingsI might've gotten in too early here to be honest. However, I feel that draft kings has a lot of momentum with the variety of reach and marketability they have. The name is familiar and they continue to have good incentives and easy to use platform. I know their financials aren't the best but I consider this an emerging market even though some may disagree. I think as technology grows, so will the thirst of competitive gambling. I see a W pattern forming. As much as I want it to shoot up right now, I feel like the double bottom needs to truly form before a true move is made. I don't want a homerun here, I just want a base or two lol.
NASDAQ:DKNGLong
by Redimere_91
3