D2KN34 trade ideas
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.
Trade update - Amazon, Apple, DraftkingsTrade update - Amazon, Apple, Draftkings
Amazon - critical level - do or die moment
Apple - critical level - do or die moment
Draftkings - be patient for a good entry
DKNG follow trendHello just opinion to follow if we going to a Bearish gartley or try to breake out
good luck NASDAQ:DKNG
𝗖𝗵𝗮𝗿𝘁 𝗥𝗲𝘃𝗲𝗮𝗹: $DKNG Daily. Up ~13% Since EntryOver 56 and think it can really fly, but already nice start to swing. Protect profits if that resistance holds
$PENN $QQQ $SPY #Trading #DraftKings
DKNG - uptrend patternZoom your timeframe out - dont use a quick timeframe on this stock. It's in a clear uptrend.
$DKNG $PENN $SPY
DKNGAbove $56 sees new ath minimum. It's a bit ridiculous how long I am this name if I'm being honest.
$Dkng Ultimate Chart DKNG looks like the daily low is set and now we continue to the upside although if we cant break resistance this can be a huge bull trap, overall depending if we ever do get a lock down than ill reconsider this count. Then again march madness is approaching with the super bowl personally i am not playing this but chart does looks good!
$DKNG setting up a breakout here.$DKNG now trading above the yellow line (50 S.M.A). Inside day trade within last week. Look for the break above 55 on this beautiful bullish pattern setup.
Short Term Target Area: 64
Short Term Target Area 2: 74
DKNG back to ATH again? DKNG if it can hold above 52.50 I'm looking at 57 short term and an overall move to retest to ATH. Last time we were at 63.91 we took a big hit due to pandemic pressure. Couple catalyst to keep this pushing, Super Bowl, NBA, March Madness, on top of states pushing to allow mobile betting. Wouldn't hurt to add here for a long term hold on option contracts that exp 2023 and shares. DKNG can easily become a 100$ stock in the next couple years.
Key Levels
Resistance / Support
53.48 50
55.68 48.02
59.40. 46.50
DKNG base building continuenice test and rejection of the 10week moving average. a large volume breakout clearing $52/share would signal a new uptrend.
DKNG Daily Support and ResistanceDKNG Daily Support and Resistance
One of my favorites. Plenty of upside on the chart. Numerous days of high volume. Constantly one of the highest played option tickers. Watch for a pullback for entry around the $50ish range before I see a test of the mid $55s again.
NO POSITION as of right now. Will be entering LONG tomorrow.
