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.
D2KN34 trade ideas
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-$25. It seems like a hot deal with an excellent risk-reward ratio
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DraftkingsMight be too early to call, but the gap between the 3200 and the 200 may close very soon
Green power bars will pull the 200 over the white 800ma, and from there we will see how much power presents itself to head towards the 3200ma
Possible 5 waves are in, i count a truncation, but It can be hard to tell without a clear wave 1 ahead of us
Target is 39$ 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.
Is long term downtrend coming for DraftKings?We can see the RSI trend (downward) moving in the opposite direction than the price trend (upward) since a long time.
And then the chart reflects two bearish patterns - Inverted cup and Handle, and an Inverted Head and Shoulders with neckline around 43!
Is this the indication of upcoming long term downtrend?
Let me know your thoughts!
Thanks!
Note: I'm just getting started and haven't finished a year trading stocks.
This is not an financial advice, just sharing my thoughts to get public opinions for education.
DKNGTrying a small put position here as well for same reasons as ARKK except this one is breaking down out of a rising wedge.
DKNG - Only when it crawls up to the CLThat's a peace of a drag.
I only consider a buy when it crawls up above the CL.
In no other circumstances I would buy it.
So, another Stock for the LT watchlist.
#watchlist #dkng
DKNG 1/26/2022DKNG
Daily Chart Analysis
In existing downtrend
Price was previously in descending triangle and broke down.
Has pulled back to previous support looking to turn it into resistance.
Entering trade short
Entry: 22.42
Stop Loss: 24.83(-10.55%)
Target: 12.00 or trail 20 ema
Risk to reward Ratio: 4.41
DraftKings Distribution. RIP Cathie Wood.How does an esteemed invested such as Cathie Wood not see the clear distribution of this chart? In her ARKF fund she has over $205 million dollars invested in this company, and another $205 million in her ARKK fund. Ouch Cathie. Ouch.
