DKNG BUY OPPORTUNITYI see big potential earnings with this stock here.It is already at 55$ a share. We can expect higher highs to be made on this stock.
D2KN34 trade ideas
DKNG !! this is going to be BIG !new legislations are coming Draft king is a fairly new player on the market through a SPAC merger with Diamond Eagle acquisition corp, and it's an American sport betting operator and it even allows users to make bets on players' performances in all major sports.
In the list of investors, we can find names like the legendary Michal Jordan who is acting as a board advisor for the company as well.
So with new legislations coming in the Sports betting and iGaming field in the US, we expect great things from this stock, even though it is traded 360% higher than on March 20. Today they got a rise in target price by Goldman Sachs to 65$ along with Morgan Stanley while saying “the new legislation will pass in over 12 states and will bring an upside to the stock price and of course company revenue!
The legislations are due for Friday in Michigan and potential stats to follow are New York, Texas, Massachusetts, Georgia, and Ohio, and we will update our group live once official news comes out.
Let's look at Technicals:
So usually I will divide my target price on a stock into 3 or more parts but in DKNG it’s a bit different.
The volume readings are showing us a volume uprise to 60M in its highest high of 64$ at the beginning of Oct 2020, and the current volume readings are between 20 – 50 Million. Why is that out of the ordinary? usually when you look at a stock rallying up the volume will take off to a new high and then drop massively – this is not the case with DKNG – the volume stays very high with as low as 20M and high as 50M, which tells me the sentiment on this stock is still in its peak! and today after the Goldman and Sachs price upgrade the stock will rally up more!
We cannot see the stock entering the 45 and below levels that will mean we are looking at a massive correction hence, it’s a red square on the chart that cannot be touched! what we see is the stock accumulation rising steady and safely – this is NOT a parabolic rise as the stock corrected and stabilized on its current price – this means you are trading a “safe” stock relatively speaking of course. We give DKNG a target price of 70$ as the first target and a target price of over 150$ by end of 2021… this may sound high but sports betting online services usually have BIG revenue and relatively low operating costs.
We at FDGT are very bullish on the stock and we will keep updating our traders in the group about it
Trade safe, and be safe!
DKNG loading up for a trip to the Moon! 2HR DKNG bullish update - With sports betting activity increasing these upcoming months and legalization of mobile/ sports betting through out states, Im expecting a big move for DKNG soon. My in depth analysis on my previous ideas. Trading Idea annotated in the chart.
DKNG - BUY!- Bullish divergence on multiple timeframes
- Elliot Waves target = 68$ (61.8%)
- Descending triangle
-Head and shoulder pattern forming...
- Fundamental looking great
$DKNG Possible Long- DKNG looking like a huge triangle to the upside.
- It also looks like a possible IHS.
- Catalyst coming up is the super bowl be cautious as it could be a huge HS and bee sell the news.
- If this triangle breaks out to the upside it will be a huge move!
Draft Kings forming CUP w/a HandlePlay the earnings runup on 2/25.
Cup with a Handle, with a breakout at $55+.
Put an alert on your Tradingview!
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
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.
