D2KN34 trade ideas
Draft Kings forming CUP w/a HandlePlay the earnings runup on 2/25.
Cup with a Handle, with a breakout at $55+.
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LONG DKNGBegan accumulating below the red line. Been adding 400 shares per day since this pullback.
Looking forward to the short squeeze on the horizon.
Will be epic!
Never bet against a Gambling company!
DKNG ANALYSIS Hi, this is the first analysis l made and published. I hope it's helpful and you guys can understand it. Feel free to give any feedback.
I think it's matter of time before DKNG breaks out again. It has been consolidating and making a triangle figure for over 3 months now. My price target around $70 is based on the all time high price of $64.20 and the big -40% drop back in Oct. A good entry point would be around $48/$50. Let me know what you think.
NASDAQ:DKNG
BMV:DKNG
DKING 52-115%DKING looking like a possible buy IF IF IF it can break (and hold) $56...first target is $82 (52%)...this would be a good place to take profit if it looks as if it will dip...second target is $115 (115%)...no telling how far this one can go as it will be entering uncharted waters...IT'S YOUR MONEY, DYOR
Bearish on short term BUT *LOVE THE MID/LONG TERM*As you can see, this is a beautiful chart, a lot of resistance and breakouts possible, as you can see I have 2 scenarios one is "bearish" and the other one bullish. The "bearish" scenario is also a bullish scenario in the mid/long term. You cant go wrong with this stock. I also like Draftkings fundamentals, I really like this investment, let me know what u think about it. *THIS IS JUST MY OPINION*
DKNG:NASDAQ - DRAFTKINGS INC - Recovery underwaySuperTrail has finally turned positive after a longer pullback and RSI has passed up through 55 for confirmation of trend. Worth a watch.
DKNG split chart 4hr and WeeklyBullish. Let me just lead with that. I've played numerous calls over the last few months. Huge fan of the stock, the chart, and the company.
So of course I am back ready for more calls. $DKNG follows $PENN a lot don't forget that.
Right now I am watching:
jAN 22 $55 WEEKLY CALL
FEB 19 $60 CALL
Most of my target calls I will not even think about until Thursday or Friday.
On the top chart, the 4 hour, top resistance setting it at the $55.19. Bottom support should be around the low $44 area.
The moving averages are packed very tightly - they appear to have flattened out and are trying to turn sideways.
Bottom chart, I went with the weekly, because I wanted to show the volume trend over the life of the stock. Notice the peaks between Sept-Nov an the gradual cool down since then. Would like to see some of that range come back.
$DKNG.
Truncated corrrection wave C? - A very bullish setup Watch it next week - A breakout above $56 will create a case to the next PT of $75.
Long dkng big news and market expandingNy gov cuomo proposed for legal gambling bog news. Which will prob get passed Bec they need money from taxes Bec of corona and stimulus. Huge market which will increase like crazy when evreyones legalizes it
Crawling along🐢 . 100$ future?Trading on the lower end of the channel. might get a bump back over to the upper channel with the superbowl. Its overall pattern is a Rising wedge which is bearish but from the looks of it the pattern won't fulfill itself before DKNG sees 100$ around April which coincidently is around the end of College basketball and NBA finals.
DKNG Breakout - Super Bowl, March Madness, More States to VoteAdding to shares from previous analysis, 2021 will be a good year for DKNG relative to other spacs.
DKNG bullish chart update In depth chart linked at the bottom, holding above that downtrend resistance line lets see what tomorrow has in store for us, if we can hold above 52 overall move is to 57
DKNG: Ready to go?Hey guys, sorry for the lack of activity been really busy with work, GMAT studying, and day trading!
So, as a lot of people may (or may not) know, online gambling/sports betting is a hot topic recently, in recent news Michigan and New York have made moves towards it's legalization. Taking into account COVID-19 related implications on governments, sports betting/gambling is a great way for them to raise taxes (revenues).
Nothing noteworthy about the chart, however the coil (or triangle) might have just broken. I'll be keeping an eye on a volume spike that'll push this above $56. If that happens I will play 02/19 75c
I believe the companies that are best positioned are:
FUBO
PENN
DKNG
I'd suggest starting a position in DKNG soon
DKNGSports betting will get popular and legalized under a government in need of more tax dollars.
DKNG might be topping out a wave 1 and looking to come down for a wave 2 now. Possibly too early to tell if wave 1 is complete. Buy zone between 49 and 47 if wave 2 is starting now.
$DKNG Swing PlayThis play on $DKNG is fractally charted:
Monthly Trends- white
Weekly Trends- purple
Daily Trends- red
Hourly Trends- Teal
The targeted gain is 8.68% and the max loss is 4.57%. The target entry for the play is 54.70, the exit target is 59.45, and the stop-loss is at 52.20. The goal is for the price to break out of the 2 fractal wedges that it is currently in and bounce off of the trend high (of the downtrend) that created the smaller teal valley (2 hour). Price would then need to test the trend high of the monthly uptrend.This play on
$DKNG ready to attempt breakout here.$DKNG setting up beautifully for a monster run these next couple of day. Good trading happening here, establishing for a gap up any day now.
DKNG over 56.00Fan favorite has given a few fakeouts but looks like it may be ready. 56.00 trigger is pretty conservative. Note that this can be impacted by news catalysts (gambling legislation, league delays or openings) which can cause volatility.
