Crazy volume on DKNGOn Jan 26th 90.38m shares of DKNG were traded. Over the past 3 months DKNG has had an average volume of 20.6m. Does this massive volume spike mark the begging to a reversal to the upside?
D2KN34 trade ideas
DKNGIf the first impulse is going to ratio the larger future waves, I think this is how it will end up playing out
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Length of first red wave 1,
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length placed at start of wave 3, waves often overthrow the lines, but it doesn't invalidate
now,
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size of Impulsive starting from 0.00
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placed from its .618 green zone - Target is 25$ before upside
I believe this is the A wave, a running flat
the following B wave, which is .618 the size of the A wave
DKNGPrice went into a Distribution stage after being in an uptrend. Price broke down into a strong downtrend and is currently in a descending triangle.
We also have a death cross signaled the start of a bear market.
Will wait until price breaks descending triangle or pulls back to top of descending to enter.
Entry: Break of triangle or pull back to 10ema
Stoploss: tbd
Target: 18.50
DKNG short for 1-24-22, swing, momo John BraggDKNG short for 1-24-22, swing, momo John Bragg DKNG short for 1-24-22, swing, momo John Bragg
DKNG short for 1-24-22 John BraggTrading DKNG short for 1-24-22
DKNG short swing trade set up for 1-24-22 John Bragg
Almost timeI will start accumulating shares if we do get slightly more downside. Great pick for the long term
DKNGRequested by @RocketFuel20
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
$DKNG Sellers are getting FULL!!! New York just legalized sports betting and NASDAQ:DKNG (DraftKings) is already breaking records in the empire state.
Confluence: Divergence between RSI and Price action;
Entry: Sub $20 is an ideal entry but the price won't stay that low for long
Target: All-time highs by end of 2022
DKNG Short strangle for a $1.29 creditFEB 18 STO 20 P
FEB 18 STO 35 C
POP 76%
Delta -9.70
P50 88%
Theta 4.213
M Profit 129
M Loss Infinity
BP -$268.71
ROC 48%
DKNG: another bounce candidate?DKNG :
Some pros and cons to play a potential bounce.
--Big Wyckoff distribution on weekly and daily.
++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through)
++ Bullish RSI divergence on daily (that you can't see on my weekly chart)
Since I like the set up I will look for an entry today, but only for a swing trade (maybe 1 or 2 weeks max ). My target is around 33-35 .
Be careful below 27.
Trade safe!
DKNG Ready For ReversalDKNG has been beat down waaay too much, the bottom has got to be near. Bullish Divergence on the MFI makes me believe this is primed to pop. Watching for a break of the falling channel before entering short term calls and LEAPS. Looking for $30-$32 in 1-2 weeks. Institutions own 62.5% of DKNG, up .58% from last quarter. Don't let the shorts fool you, great buying opportunity. This is one of my core positions along with SOFI & CHPT and I expect them all to make a swift move to the upside!
DKNG LONG DCA continuesContinueing to buy the dip and DCA on DKN at these levels (see prior chart).
Good signs on the macro level and oversold across multiple indicators.
** NOT TRADING OR FINANCIAL ADVICE **
Head and Shoulders Targets down are listed below structure.
Price has crossed through neckline with a confirmed downtrend.
No recommendation.
Does anyone know how to fix the candles on here? Mine look like lines instead of candles. I tried the gadget at the top of the chart but no luck )o:
DKNG full of RSI divergenceMonthly, weekly and daily chart has bullish gidden RSI divergence. DKNG is a beast hidden under dirt.
$DKNG wedge breakoutSeasonality for Superbowl season, news of sports betting legalization in NY, and bullish divergence on RSI on daily timeframe. Currently over trendline resistance in AH at 27.88. Long over 28, PT 28.6, 30, 32.6, 34.
$DKNG | WEEKLY WATCHLIST 1/10$DKNG 1D
Bounced perfectly off the 78.6% from all-time range.
If > $23.5, possible to see 100% upside at the minimum...
Good News to bet via Mobile Apps may turn this bullishPrice supported by 23.6% Fibo
Good news on allowing users to bet via mobile apps.
Support 24
Immediate TP: 35 - 38.2% Fibo
DKNGDraftkings Inc (NASDAQ:DKNG) The stock is bouncing after seeing weeks of strong downward movement. While DKNG's short-term trend seems to have reversed, a close above the pivot pocket 28.80 could lead to more relief and confirm the possible bottom. I think we could see more gains next week as the heavy volume of the last two days should attract some more bottom feeders. As I tweeted on Thursday I took a position around 24.5 and doubled it on the break of 25 looking for an initial target around 30.7 Lets see what Monday brings us.
$DKNG DraftKings Finds Fibonacci Support.$27.50 🔑
Key Level $27.50
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LONG AND STRONG DKING!!!im not dking around, this is a big D about to explode out of a falling wedgie pooh after touching 786
$DKNG to ~$18 areaHead and shoulders pattern for $DKNG -- looking for it to move back to the ~$18 area to complete the downtrend.
