DKNG on watchI like how DKNG has held up during the sell off. Its likely to catch a bid if the market can bottom. Look for price to hold 60 and push higher. Targets would be ATH and then Fib extensions.
D2KN34 trade ideas
Are we heading higher?!Short answer: YES
Longer: technicals are looking good, however, there are some concerns.
The recent selloff might continue, and RSI is almost overbought
DKNG: All to HighDKNG ATH on March,1
Online Casino, check their weekly increasing traffic, positive legal policy...etc
Very good stock... (STRONG BUY!!!)
TP1: 78
TP2: 85
TP3: 93
(However, I would hold it to 3-digit numbers)
PS:
Hope I have the time to write a detailed analysis in the future.
This post just for the memory of ATH on March 1, 2021.
DKNG finally has breakout :))posted DKNG was gearing up for a solid breakout.
they had a great earning on friday but with the market downtrend it didnt do the best. it hard a really hard time breaking the 62 dollar mark.
i am assuming a-lot of contract expiration were ending last Friday witch didn't help the stock climb.
today it broke out of the channel and i sold 10 of my 30 contacts to take some profits.
lets see what happens and ill sell the rest.
companys alway retrace back to the channel (blue lines) so when doing so be cautious
DKNG fair wind on our sideGo with the flow of good earnings.
Put/Call Open Interest Ratio 0.35
Put/Call Volume Ratio 0.38
Growing analyst forecasts
For info (26/02/2021):
DraftKings reports Q4 revenue $322M, consensus $232.6M "With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322M in fourth quarter revenue, a 98% year over year increase," said Jason Robins, DraftKings' co-founder, CEO and Chairman of the Board. "In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance."
DKNG, pending breakoutDKNG has been consolidating for 5 months, look set to break above
Before of flush down to wash out weak bull before going up
if consolidation can continue for another quarter, the breakout is more powerful
DKNG still niceThis name is still holding up very well in this market. I did get whipped out of my position with that recent big wick down. Oh well. Still will stalk an entry as long as the market hold up.
DKNG DailyPotential target of 65
KILLED earnings call
Great upside
Volume
Social media hype
Cathie Wood/ARK hype
Moving Averages pointing up
I am LONG calls on day trading and LONG commons for my portfolios.
Pitchfork DKNG into next earningsPotential Price targets based on pitchfork into next earnings. Just hypothetical if the bullish trend continues.
High Range: $79.61 to $87.34
Median: $79.61
Low Range: $70.95 to $79.61
DKNG raised its revenue outlook for the FY2021 from a range of $750 million to $850 million to a range of $900 million to $1 billion.
Update on DKNG trade: near target, on trend, bullish indicatorsDKNG traded up in the parallel channel and nearly hit the projected target. Based on the TTM squeeze indicator it looks like it is just building strength to take off. MACD signals buy as well.
Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could trade to CHWY levels easily.
Entry point: Below $65
Price Target: $100
Stop Loss: $50
DKNG Cup w/ HandleThe market may look like an absolute dumpster fire, but DKNG is building out a handle and is looking quite bullish. Keep an eye on this one for a breakout. Could emerge as a leader if the market can get it together.
Draftkings on Discount with strong support at 58Drafkings has continued its run despite strong competition and that leads me to believe that this is one of the few SPACs to take seriously. I believe that there is strong momentum behind names like this even though a lot sports gambling season hype is over.
Earnings may tell a different tale, but Drafkings still is one of big companies to grow with the industry, and I think the price will continue up through a choppy market.
I'm not a financial expert, and this isn't a recommendation.
DRAFTKING CALLS BOUGHT MORE TODAY:)))draftking earning run up??
bought the 60 dollar strike for march 12th
lets gap up baby after earning
DraftKings LongPlayA Well Respected channel clearly in a continued uptrend, I anticipate a pullback to the given support in the chart before a continuation to the upside .
Ensure to plan your trade , Entry , Exit , and SL ...and dont get greedy ...take profits on the way up ....Thanks For stopping by . ..Appreciate the support , show your appreciation with a Like/Follow and feel free to comment .
Long $DKNG into ER$DKNG has so much tailwind going for it & earnings is the perfect catalyst which can push it through to new heights !!
$DKNG | 1H Bull Flag Breakout and Retest$DKNG broke out of an hourly bull flag and bounced perfectly at the flag/structure retest.
We can expect continuation to the upside with a break & close above $62.25 as confirmation.
Targeting the previous highs at $64.50. Invalidation below $59.5
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
5 day long to comfirmas you can see from the chart this has done nothing but rise ! Yes this is good, and yes i will buy more on the pull back, we have 5 days to wait for earnings to com out to see where we are really going to go with this !
DraftKings (NASDAQ:DKNG) set up for an all-time high breakout?DraftKings (NASDAQ:DKNG) is starting to breakout from a bull flag continuation pattern on an increase in volume which is located right below a new all-time high.
Good potential profits summer time DKNGS will retest demand zone then test supply and break out in long term
