Bullish Trading Channel DKINGBullish trading channel with doji and hammer candles testing support trend line drawn from the past two weeks.
D2KN34 trade ideas
still looking for 51+ on this tradeneed a break of 0.618 fib levels, although it may consolidate in this area before a move higher
DKNGFriend asked for this. I have a lower pivot than the indicator but in any event has to have closes above 41 to have a chance at a bounce or continuation. Could reverse but its not looking crazy strong here.
Draftkings Long DKNG pushed up to as high as 65 after the restart of sports, but with the recent public offering of shares, DKNG had a huge drop in pricing. I believe that DKNG is a great company to hold for the future, and this presented a potential great buying opportunity.
DKNG helped the trend line dating back to April. Though this is not too long of a historical trend, in my opinion this is still significant given that DKNG is still relatively new. We saw the reversal on November 2nd off that trend line, which gives me suspicion that DKNG can continue climbing back to the 50’s. We also have good momentum leading up on the MACD.
I’m looking to add more DKNG if we can reach 41.79 or 39.70 (possible downside) to average down on my shares. There is a chance we see a bit more downside before DKNG is primed.
At the close of Friday’s session (11/13), the price action fell in the volume shelf where the majority of this stock has traded in the last year. I’m looking at 45.50 and 47.42 as possible levels of resistance. There is a good chance DKNG will run up to 55’s if it can break these levels. The main catalyst I’m looking at is the restart of the NBA in December and the days leading up to the NFL playoffs. This is a good opportunity as a long term hold based on the potential of the next earnings season.
consolidation and longDKNG gave us very good TA patterns in past with huge pips earnmings. Last it played Head And Shoulders. Now in consolidation phase and my assumption it would go long
DKNGThey wouldn't V bounce it to $72...would they? I need $78 by March 15th so I wouldn't mind if they do.
Bullish hammer on the daily chart - potential support?We could see a reversal here - a second bullish candle with a higher higher and lows will support a reversal thesis. On Watch.
ABC BullishLooks to be struggling
All it's cohorts are on the rise
NV and OBV are low on daily/NV high on hourly
Possible stop below C
Just an observation
Pattern valid at or above entry level with an uptrend
DKNG consolidation on 15m chart shoot through $43.50 resistanceDKNG consolidation on 15m chart shoot through $43.57 resistance.
I believe in DKNG now. ...do you?(play 1)
Good earnings = price goes up.
Buy in right after major resistance broken.
First target $52.00
Second target $64.00
Final target $break all time high
(Play 2)
Earnings not good as expected = price retracement.
Wait for retracement, confirm rebounce with retest.
trend will be less bullish than play 1, buy you'll still reach the ATH before 2021.
First target $52,00
Second target $64,00
Final Target $break all time high
LONG DKNGNEXT PT are as following 43.80 51.75 64.51
Broke out of 38.45 Res. line and tested nicely! With Money Flow coming in and Accm. is happening while RSI is super low
Next TGT is 43.13 Rising LT Support line that turned Res.
Lets take it back as im sure the Masters + New Election of 3 news states trying to approve + NBA coming back before the new year = More earnings for the 4th QTR 2020.
Really would love to explain more about FIB and the retracement that has happened but im sure ya'll caught up to speed.
Bullish. wait for retest of that trendlineThis is a very nice opportunity I would wait for a retest on the trendline. Q3 report is supposed Way better than expected which could add significant fuel to the rally, target $70.
Good luck. NEVER TRADE WITHOUT STOP LOSS.
We should see excellent earnings from #DraftKings Friday.#RKT also a great long going in to next week.
DKING MAKING MOVESIf this breaks $45 and holds, this would be a good entry for a continuation to test new highs, since its so close to this resistance, If it breaks and holds then Ill be putting some calls in.
DKNG - inside daily candle - 11/6/2020set alerts on monday for the break on today's high/low to the target in that direction
#DKNG $DKNG
DKNG beginning bullish count, target 40 for retracementStill looking to develop a 1-2 wave, that would make it more appealing to get in and begin move to the upside. Copyright Rohan Karunaratne 2020
