DKNG - Looks good to accumulate now and till 57.Looks good to accumulate now and till 57.
Strong support zone 55 on closing basis.
Targets 64,67 and 71
D2KN34 trade ideas
$DKNG$DKNG
$45-46 initial break above with solid candle formation would be signal to enter trade
$47.5- 48.5 area where price could be held up or rejected if it rejects at first then holds add again on the break above 1/4 of intial size take at least 1/2 profits the calls will be up at least 50%
$53 - $54.5 area where im sure it wont break above espeically with it on a downtrend hence the downtrending trend line which you should be watching if it breaks above both areas where price could be rejected
DKNGDKNG
I would advise against purchasing currently, this looks like a bounce. I see no double bottom or confirmation that the low is in.
There is only convergence between the chart and the indicators. We want a clear divergence to show sellers are exhausted before we place our order. It fails at the red line resistance i put in the green box. It is regarding previous support as resistance. Which can imply more downside.
Be patient and set an alarm on bot the resistance, and the new candle bottom low.
look for a great buy opportunity for DKNGI will be long once DKNG hits that 35 price range. so far it looks that DKNG is heading there and this will be the area i will take a long position.
DKNG - Not there yet but getting close to a potential bottomWatch the Fib levels as potential support but DO NOT BUY RIGHT AWAY!
Wait for a base to build first before initiating any long positions !
DGLY - Not at the bottom yetLONG on DKNG. Have been for a long time now. No pun intended.
We aren't settled yet. We have news coming with more states legalizing online gambling. They have a great partnership with the PGA tour. Plenty of catalysts to send this. We just aren't quite ready yet.
DKNG - Daily with Fib ExtensionNot quite time yet. Trust me, I want to see this run like crazy. I've played it a ton. But I don't think the bottom is in yet.
Draftkings LongDraftkings is setting up for a nice bounce and should be a good entry point to land on the moon. Good luck!
DKNG SnapbackDKNG sold off with the rest of market but its already had 4 consecutive down red days. It instantly got bought up and even after the buy up its still overextended to the downside. I'm looking for this to continue on a mult-day rally. Up to the 48 level.
DKNG on crucial support...LONG OPPORTUNITY This support level seems to have been a strong level in the past...could be a good place to enter long!
I would keep a fairly tight stop loss but my bullish PT would be:
PT1: $58.11
PT2: $64.26
SL: < $47.07
Happy trading!
LOOKING FOR SIGNS OF REVERSAL ON $DKNG Monthly unique paying customers surged 114% to 1.5 million. Average revenue per user climbed 48% to $61.
On Jan. 26, DraftKings surged over 5% after Goldman Sachs upgraded DKNG stock from neutral to buy, while raising the price target from 45 to 65. Meanwhile, Bernstein started coverage with an outperform rating and a 71 price target.
What's changed? Nothing. They're losing money sure, but they are investing it in the right places.
This is a long term hold, and at these levels...I'm interested in leap's well into next year.
We need to see reversals on all indicators below; MACd, RSI and volume. at that point, we can assume the bottom is in, and look for a long entry.
After living in England for years, I can promise you, Sports betting in this country will be an outstanding investment, once it really catches on.
Still believing in DKNGIt's a whole lots of lines but if breaks below that resistance line, I'd be very suprised. Lots of huge people buying and its the most oversold its ever been.
Bullish on DKNG(This is not financial advice)
Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings.
My main reasons for liking this play on this stock are as follows:
- Dipped even after good earnings and great growth in sports betting
- Oversold on RSI
- Great Social Sentiment on the Stock
- Good amount of volume moving in
- 1.2 Risk vs Reward
Not much TA really backing the trade laid out some good supports and resistance for taking profits. Let me know what you guys think with a like or comment. Be sure to follow as well.
Thank you!
- Vlaire
