DKNG (POTENTIAL BUY LEVEL) ***BULLISH SENTIMENTThis just my basic MONTHLY charting.
I have marked what I see as the POSSIBLE bottom (support).
I see overall DOWNTREND with a possible reversal.
I have marked my potential BUY LEVEL for LONG/CALLS.
D2KN34 trade ideas
dkng bull flagLooking through some charts and noticed a bull flag forming in DKNG. Provided the overall market doesn't implode over the next couple days, I'm thinking it fights its way back up into the 16s not expecting it to break out of the flag formation but definitely possible/likely to test the top of the channel imo. Nice volume gap from here all the way up to the 16s area doesn't provide a ton of resistance. One issue I am seeing is the IV on the options contracts is very high. No position currently but will keep on watch and look to play it if the set-up stays the same. Not financial advice!
DKNG daily bearish hammer at Fibonacci 50% retracement wave 3Sell Stop 15.84 LMT 15.84 GTC
Buy Limit 11.82 GTC
Buy Stop 18.11 GTC
DKNG daily bearish hammer at Fibonacci 50% retracement wave 3 downtrend take profit to fib extension 1. Stop loss above fibonacci retracement 68%
Business cycle play - SHORT DKNG, recession incoming!This is a pretty basic business cycle play, folks gamble less when we're in a recession. That combined with DKNG's spending, will have their balance sheets really contracting moving forward. I think over the next year, we could easily see this stock under $10.00
Obviously keep your eye on this as well when the economy begins to recover!
DKNG PLAY (WEEK OF 9/26)Sitting at demand zone of this flag. Watching calls above $16 for a move up to $17.13 resistance. Watching puts below $14.5 for a move down to lower demand zone of $11.14.
DKNG Demand Zone + StrengthCompany : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs.
This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large organizations. These agreements and contracts only have pushed DraftKings Higher.
While the Market has continued to drift lower these past weeks, DraftKings has been taking a necessary hit from its large run-up. DKNG is entering a Major Demand Zone Dating back to the IPO days. Technicals are showing a very large demand zone from the near $15 level towards the $10 level. With this heavy support area, we may see heavy consolidation for a time being, and a Strong appearance of Buyers.
This is a strong thing to note out, as this could be a strong Long-Term Aquiring location for many Investors to pick up in this Bear-Market.
DKNG headed for $25Here's an update on $DKNG. $25 is the current target. Won't go into any details as the move is very straight forward.
Draftkings $50 here we come Draftkings has reached it's previous cycle low May 2022 and formed wave 2 of a supercycle. Smart money has been buying relentlessly, although I expect price to retrace to around $15, where I'll be going long.
My first TP will be at around $50, which happens to be outside of value area.
$DKNG could popEvery time the upper AND lower bands in orange of the Bollinger pass within the Keltner Channel, there is a significant move. The direction is always unknown, but it's an excellent indicator of when a stock is coiled for a big move.
The last few upper and lower band breaches resulted in big downwards moves. This most recent cross of both bands of the Bollinger into the Keltner Channel signifies another big move, but I think this time, the direction is up. It's already been slaughtered and I highly doubt it can get beat up more than it's already been beaten up.
Side note: There was lots of unusual activity in the 15C expiring this Friday for $DKNG. Large purchase implying a big move by the end of the week.
They also have the Stanley Cup and NBA finals going on right now so the bets should be flowing making for a could quarter (I believe they report in August).
DKNG - Draftkings Deep Crab Harmonic Weekly setup.DKNG - Draftkings, perfect harmonic deep crab setup with the 161% PRZ being respected and a nice bullish engulfing on the weekly to trigger entry. long with T1 @ 34.50 T2 @ 49.95 SL 9.65 RR @ T1 = 2 : 1, RR @ T2 = 3.88, SL moved to break even at T1 and half profits to be booked. weekly setup so patience required as setup will take a while to play out.
DRAFT KINGS - BULLISH SCENARIOA new bullish impulse is coming for DraftKings after Monday's breakout of the local resistance level.
More than 50% profit potential and a price target of $24-$25. It seems like a hot deal with an excellent risk-reward ratio
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DraftkingsMight be too early to call, but the gap between the 3200 and the 200 may close very soon
Green power bars will pull the 200 over the white 800ma, and from there we will see how much power presents itself to head towards the 3200ma
Possible 5 waves are in, i count a truncation, but It can be hard to tell without a clear wave 1 ahead of us
Target is 39$ or near the ORANGE 3200 MOVING AVERAGE
DKNG (ABC corrective wave to finish?)
Looks like we located a potential market anomaly on the daily timeframe . Price is in a range and could breakout. However, this also looks like an "abc" corrective or potential impulsive wave. The anomaly was located near the wave B extension where wave A originally started ( bearish candle, bullish volume ). If price passes the start of wave A before the bearish move, there could be signs of a breakout to the upside. Looking for price to test the low or surpass the low of wave B between 100% to 161% (if impulsive). The RSI and MACD are both matching the top side. Happy trading! Not advice. Only an idea.
$DKNG(Weekly & Daily)
Short Term Outlook - Bullish
PTs 15, 17, 25
Long Term Outlook (6-12 months) -Bullish
Price Target --> $37.50
#SuakuFlowsWatchlist - 22/7/22#SuakuFlowsWatchlist
#LottoFriday 🎰
EXP: 22JUL22
$BABA 107C > 106.61 | 103P < 103.68
$DKNG 14.5C > 14.42 | 13.5P < 13.92
$INTC 41C > 40.65 | 39.5P < 39.82
Don't recommend any YOLO plays on the 0DTE picks if you're red on the week. Only play with profits here.
GL! 💰
DKNG Nearing breakoutDKNG is one of those cult stocks where a lot of eyes were on this name during last year. Now it feels like most people abandoned this name and already gave up on it. So real good for a breakout chance. PENN already broke out today. DKNG can follow it.
Above 14 can see 14.64, 15.54, 17.20
Jul 20 15C can work
Gap fill Completed on DraftkingsIf you played any calls the last couple days with Draftkings you certainly made a nice chunk of change. Especially if you entered before the gap up.
lets not forget the 3 soldiers candle pattern that followed after the gap up!
#SuakuFlowsWatchlist - 6/21#SuakuFlowsWatchlist
$DKNG C > 11.62 | P < 10.78
$RBLX C > 27.27 | P < 24.57
$SBUX C > 72.44 | P < 70.77
$TWTR C > 38.05 | P < 37.02
Getting my watchlist picks out to you guys early for Tuesday's session 🌊
Scale when comfortable.
What DKNG, building a double bottomLets see if the double bottom holds. This stock has been hit so hard the snap back will be hype fast. Really everything is set, its all up to JASOn now.
DRAFTKINGS - Trends & Price targetsHere's my chart for draftkings, when I go in closer, I see potential downside in the next few days, but there is a lot of potential upside in this stock in the long term with support coming from the bigger charts.
Is this a PIVOT point for DKNG?$DraftKings(DKNG.US)$ This has been a tough market to say the least, However, I see a very very small ray of light for DKNG. Earnings and charts is all set for a big move. DKNG closed the week with an inverted hammer. If next week we close positive for DKNG than we might be setting a pivot point.
