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D2KN34
Ideas

DRAFTKINGS DRN

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D2KN34 trade ideas

$DKNG head and shoulders? DKNG is presenting an undeniable Head and Shoulders pattern on it's all-time chart, with 1w candles. RSI showing extreme bearish divergence, pulling back significantly since IPO despite bullish price action. Accumulation/Distribution reveals that shares are at the highest accumulation point since DKNG's first day of trade. RSI pulling back off this resistance would coincide with a completion of this Head and Shoulders pattern.

Short

by ITMmatty

Updated

DKNG earnings rally🧐💰hello traders lets take a look at $DKNG today! it has bounced off this trendline support 6 times, currently going for number 7! RSI currently at nice oversold area as well. Stop loss 45, price targets 55-60. decent risk reward. like and follow for more <3

Long

by Vibranium_Capital

Draftings I really like DKNG for the future as sports gambling grows and becomes more mainstream. I would consider a long term hold by watching for the support level to hold and the residence level to break.

by Davis_Stocks

DKNG Trade Opportunity Very nice ascending triangle on DKNG there is also support around 50. The uptrend is on the 5 year chart and personally I don't think it will break. My plan is to get calls a couple months out take some profits at 50 and let the rest ride for a little, stop loss around 44-43, around those levels head and shoulders would be formed. 42.5 is also a support and if it breaks I would short the ascending triangle breakout and the head and shoulders.

by UnknownUnicorn15677399

Short term and long term trade idea DKNG is sitting at the support and there is a short term and long term trade possible.

Long

by sarbjit_longia

DKNG on trend line Should see a bounce from here. I'm in January calls for this. Invalidated if the trend line breaks to the downside.

Long

by fd1nfo

Updated

$DKNG would like to see it move towards 70 and above $DKNG has again defended the support line from May 21 and bounced well from it, the move towards 70+ is now confirmed. #PlanYourTrades

Long

by tradeMinter

DKNG at Support Great Opportunity from support on the daily. Seeing some rejection off strong support. Has great R:R however reports ER soon.

by TheBullandBearLounge

Updated

DKNG 10/25 Analysis Approaching Weekly .786 Fib Retracement Level & Bottom Of The Wedge. Potential Pick Up Zone Between 45- 42

Short

by bbahmed

DKNG strong resistance trendline with low volume node support The $43-$46 is clear S/R zone through the last one and a half years. 1st target: $55, this was a clear zone of resistance 5 times last calendar year. 2nd target: $60, second huge resistance area Invalidation: price <$44 Stock is very volatile so I recommend a play via Dec calls

Long

by wendigooor

Mama Cathie sold DKNG Hey, this is my first analysis and I'm not a native speaker so please bear with me. Cathie Wood sold after she bought a bit higher. Massive downward momentum in price after going sidewards for one month. I see more downside here, long term support already violated. Next upcoming violation is base of Head and Shoulders. Fibonacci targets TP1: 43.35$ (6%) TP1: 37.55$ (18%) Stop loss: 48.20$ (a bit over the bottom of previous sideward move)

Short

by jochenwtr

The growth is close The 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.

Long

by QuantumLabSignals

Triple bottom formed around POC DKNG has formed a triple bottom right around the POC. This could be a good swing trade with a stop loss at 47. Targets are 51, 53, 56, 60 and 64. Option idea: DKNG 21Jan22 50 call @ ~ $4.35 , SL = 30%, TP = 50%.

Long

by Phantom_007

Long $DKNG - I may be little early but it looks juicy DKNG earnings are on Nov 5th and chart setups look pretty nice going into earnings. I may be little too early to start a trade, but don't want to miss it for few bucks.

Long

by alphainvestorsignals

$DKNG - Stan Weinstein's Stage Analysis + Symmetrical triangle DraftKing 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.

Long

by PaperBozz

$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

Long

by ivanlarav

Updated

Draft Kings I 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.

Long

by Redimere_91

$DKNG - Daily forming triple bottom, calls > 49 | Puts < 47.5 $DKNG - Daily forming triple bottom, calls > 49 | Puts < 47.5

Long

by SrjInfinity

$DKNG bullish idea DKNG is an online sports betting book who as of today announced they entered a Blockchain agreement with Polygon. Polygon is an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions. The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities. Sports Betting has become widely popular this quarter due to Social Media outlets whom glorify the big rewards with small risk bets such as multiple leg parlay bets. Not to mention NFL and MLB season on full throttle this quarter. Earnings should be stellar. As for the technical side of $DKNG, it has been basing at these current lows and not finding any sellers under these levels. Seems like a good risk to reward spot to position yourself bullish. Daniel Betancourt OptionsSwing Analyst

Long

by optionsswing

$DKNG Weekly Opened 48/47P credit spreads on DKNG for December. Approaching demand zone and looking for the bulls to step in these coming weeks similar to mid july's price action.

Long

by FriscoTrades

DKNG In my opinion, DKNG is ahead of a nice bullish setup technically and fundamentally. We can see how RSI is looking to break its oversold zone while MACD creates a nice-up movement with a pleasant crossing. Moreover, the MA shows a favorable structure due to a chart crossing over the 20 MA, which also identified an upward trend. As to our fundamental segment, it appears that the gambling sector is on the move, and let's remember that DKNG is waiting for NBA, NFL sessions to start, and people are willing to play some fantasy sport.

Long

by FunTechA

DKNG 6 tap breakdown DKNG had a complete sell off after showing strength and a buy up this morning. Its a bull trap and closed red on the day leaving a long sell off wick above the moving average. Looks like this moving average will act as short term resistance now. The 48 level has been tested 5 times and it looks as though its heading for a 6th, looking to see a breakdown to the 45 range.

Short

by BBTrader29

DKNG Consolidating I will be keeping a close eye on DKNG as it consolidates at this level. Both the MACD and the RSI have been beat up and are at a good level for a bullish run in the future. When those start recovering, be on the lookout for a possible trade.

by Davis_Stocks

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