DKNG1 trade ideas
Draftkings stock - Bull wave analysisDKNG stock looks ripe for a ripper, target mid to upper 60's on this wave 3
DKNG: Ready to run through football season One of the nicest setups out there right now. Won the battle at the volume shelf. Ascending triangle with advanced MACD breakout. Should steadily climb back up to retest ATH over the next couple months.
DKNG headed back to the $60'sMy projection is based on previous moves from higher lows to higher highs. In an trending market DKNG moves 20-30% from the higher low to the higher high in 7-10 trading days, then retraces for 2-4 days to make a higher low. My forecast is $63+ by Sept 3rd. Buying Sept 10th ATM calls when DKNG retraces and touches the trend line. Football season will be kicking off Sept 9th which should a positive catalyst. Has no impact on my analysis but doesn't hurt to have tailwinds behind a thesis.
DKNGThis is my wave theory for DraftKings.
Im just starting to learn elliot wave theory.
I like it a lot tho.
DKNG quick move to $56-$57DKNG made a nice move above previous support/resistance. 100MA acting as resistance currently. A break above the 100MA would be bullish. I expect $56+ very soon.
$DKNG LongI am really publishing this chart to show the great indicators made available courtesy of @JohnMuchow (the RVol is beta right now) on @tradingveiw charting service. I am long DKNG as football season is coming up and I think it'll get a nice pop on potential betting activity for that. Ideas, not investing / trading advice.
DKNG 8/11/21DKNG has been consolidating for some time not. If it can break to the upside, we can retest the ATHs.
Watch the trendllines being broken to either side.
If we see price come back to support trend line, this can be a great opportunity to enter. Otherwise, wait for the break to the upside and the retest of the resistance as new support.
TrendyTrades: DKNG shortAt the top of the wedge, looks like DKNG wants to see 50 and possibly further down.
DKNGDKNG – shares have been consolidating above the breakout level but needs to overcome a strong RSI resistance at 61.8 level. This level has been a problem in the past (Jun/Mar 2021 and Dec 2020). So, any significant gain in share price would mean having to overcome this resistance and hold.
DKNGGiraffe Kings just looks confused. Just had ER on Aug 6, notice some decent volume since earnings. Also notice the 50/200 MA and previous trend line resistance ( new support) are all at the $50 area which is also psych level. That will be my add spot if there was any, target $62. Very good r/r there. Also NFL season about to kick off so im bullish neutral on this for now.
DNKG: Many interesting patterns to watch this week!Hello traders and investors! Let’s see how DKNG is doing today!
The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level.
Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29. DKNG is following the Principle of Polarity too.
Yes, it is a bull trend, and we have a good bullish reaction above the 21 ema, but the challenge is to defeat the resistance at $ 53.38 (red line).
The daily chart looks interesting. We are not in a bull trend, but at least the trend is not bearish anymore. We are in a congestion , and the 21 ema is flat, but this Inverted Head & Shoulders chart pattern is a good sign.
The $ 51.25 was a pivot point , but it seems the $ 53.38 is a strong resistance, along with the $ 56.07. I see some early signs of reversal, but the situation is risky . Of course, higher the risk, better the reward. If we lose the $ 51.25 along with the 21 ema the congestion will prevail and DKNG will keep moving erratically.
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Have a good day.
inverse H&S or not ???hi everyone hope all is well, I'm
kind of new to chart analysis, can someone with more knowledge
tell me if i'am RIGHT ABOUT THIS INVERSE HEAD & SHOULDER. THANKS.........HOPE WE ALL MAKE MORE MONEY IN THIS CRAZY ASS MARKET WERE IN.....
DKNG Breakout ForecastBreaking out from triangle and finding resistance @ the 200 SMA.
If the 200 SMA is broken then the forecast above is the likely range of trading. Overall breakout target would be @ the $65 region.
FOOTBALL SEASON $DKNGFootball season is here! NFL and NCAA football bring in the most volume/revenue for the books.
I used the BARS PATTERN tool and captured the 2020-2021 season (August 5th- Feb 8th) then moved it over to the upcoming season. There's are a ton of different factors that effect price action
but I think this is a nice start to charting out the season.
DraftKings - NOMO FOMO - Valuation Matters - PONZI POGS POOF#EpicEconomics
The $DOGE pup & $AMC monkey crowd fan fav. *Valuation Matters.
DKNG doing a fake outDKNG is in a symmetrical triangle as of right now but, looking at the RSI it might want to fall down into the symmetrical wedge below. Wait for confirmation on either side. Personally I am short.
