D2KN34 trade ideas
May be a nice 'spring day' tradeToday's trading day saw strong support which drove the price back up and resulted in a green day over all.
Tomorrow would confirm the reversal but this may be a spring day, where tomorrow and the day after may be nice and green. Volume is high. This had been taking a beating for a bit so this can be argued to be a 'buy the dip' opportunity.
I am looking into what call options are priced in at. I may not enter the trade at all though.
I would need to find something longer term, and not priced in. Thats what I am looking for tomorrow, and if it opens at a gap up then forget it altogether.
DKNG LongLooks Bullish to be if we can hold 40 .25 and 41.75 zone. For breakout look for high volume at 45; pt1: 48 and pt2: 50
$DKNG DraftKings at Support, Bullish Options$DKNG DraftKings bouncing off support today just under $42, forming a possible bullish hammer on the daily chart.
Bullish near term options activity today with $1.4M of $43 strike (ITM) calls expiring this week traded (30x open interest)
Near term target: $55-$57 range by mid-November
Note: This is NOT investment advice.
Reaching the most critical level!Closing below 43.70 could cause severe damage to the bullish trend, Elliot wave analysis 🧐 needs to be done! 3 major impulse wave and 2 major correction is obvious in the last year!
$DKNG ABC Falling WeddgePrevious TA suggested a HnS, invalidated by a slumping right shoulder. But still expected this to drop to these levels, Nearing bottom of channel, hourly stochs Over Sold and rebounding. Falling Wedge Top Trend Line still holding resistance. Expecting a bounce in the coming weeks. ANY Stim or Vaccine news and the NFL will blow up, not too mention college ball is getting VERY popular.
DKNG invalidates last elliott count, consolidation near 39-42Previous count in now invalid because of break below wave 1 high, looking for a consolidation before beginning another count. I stopped out of my position, so I will wait for a more clear sign before I make a reentry. Copyright Rohan Karunaratne 2020
draftkings possible falling wedgeim not getting long until tomorrow since the insider shares are getting unlocked tomorrow, not sure how much selling we'll see. but if it can break out of the wedge i doubt theyll sell
DKNG to Long, Demand ZoneCondition:
Demand Zone
Entry 42.5
Stop: 40
Target1: 53; reward:risk=4:1
Target2: 63; reward:risk=8:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
DKNG - LongDKNG traded in uptrend.
Fallback exactly to uptrend line + support line.
Also performing falling wedge pattern (see 1 hour chart for more clear view).
Take profit @55
Stop loss @39.5
1 hour char:
SPECULATIVE TRADE DKNGmy considerations, I am very bullish on this stock both short-term and long-term, I think there will be a reversal this week, the first comrades, I watched, jumped as soon as the price touched MA50 :)
b.radikal.ru
a.radikal.ru
whether the rebound will be fast or slow, I will not say whether to gain a position gradually or decide all this at once depending on your goals, fix part of the position at $ 52.50 or $ 62.50 is also your choice, I believe that part of the position can be fixed for $ 62.50 leave the remainder for a long time, maybe the casino in each smartphone will shoot hard :) who knows
