DKNG1 trade ideas
Bullish on DKNG(This is not financial advice)
Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings.
My main reasons for liking this play on this stock are as follows:
- Dipped even after good earnings and great growth in sports betting
- Oversold on RSI
- Great Social Sentiment on the Stock
- Good amount of volume moving in
- 1.2 Risk vs Reward
Not much TA really backing the trade laid out some good supports and resistance for taking profits. Let me know what you guys think with a like or comment. Be sure to follow as well.
Thank you!
- Vlaire
What's next for DKNG? Part 2What's next for DKNG? Part 2
This chart brings some more optimism to DKNG. At the end of the day friday, we had massive buyers at the 48 and 48.50 level. If you look at the chart, the 50day SMA is providing us a support line at 48.50. This is crucial to be held.
I believe if we can't find the support at 48.50, we could see a continuation of this faggy bear run on DKNG until around ~43. As you can see, there's a clear gap in volume support below the 50day SMA (48.50), anything below this line and we will essentially have to fill the gaps. I wouldn't be surprised if we moved down into lows of 43...
ibb.co Expected Movement has up setup for a low of 45.6 next week, I think that is definitely viable to see, and if we are given the opportunity, I will be purchasing more shares and contracts at that level. But..
Check out Part 3 for my final idea and conclusion
What's next for DKNG? Part 1What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now.
As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as massive psychological support at the 50. All broken through yesterday. Right now, the play is to find the bottom, but where is it? Are we too soon?
For the retail bros, it looks like all is lost, and this shit is going to zero. But... check out RSI and my follow up post.
DKNG - 30m with trends and stochastic RSIDKNG - 30m with trends and stochastic RSI
Listen, one of my favorite plays is DKNG. I've been flipping it since the start and it never leaves my "plays" list.
But even I have to admit, we need something big.
Trendlines, stochastic RSI, and WAE volume indicator.
45 enteryGreat potential long term, temporary downtrend, many supply forming, good entry @45, then possible trend reversal to upside
$DKNG | Potential Double Bottom at Key Structure LevelDKNG formed an (unconfirmed) double bottom at the very important $54 structure level. Watch for a breakout above $58.50 as the initial reversal confirmation.
Wait for a breakout confirmation for longs. Earnings report on Friday BMO
Good luck!
DKNG needs to break above 62$ or seeing a drop to mid 40$ areaDespite NFL news, the price didn't run as much indicating weak bullish sign on DNKG. If it can't break above 62$ we might see mid 40$ range.
DKNG Bear Call and Bull Put spreadDKNG Bear Call and Bull Put spread
Sold the Bear call yesterday May 5 for May 7 expiry 3 dte but haven't had time to log it.
Sold for 25% roi and 3 dte.
I've been extremely groggy today and had to take a nap.
Sold Bull put today 5/6 for 8 dte and the same 25% roi at the 46/45 strikes
It's not looking so great at the moment, but in theory, the current demand zone still has some defense left in it.
If not, there's a Flip level in Purple that originates some hard selling in Dec 2020 that may help me.
The orange spread is down at the very distal edge of base V shaped rally, so I think it's pretty good location.
Long entry on DKNGDraftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.
Whoever got in at $53 you the GOAT lol!!NASDAQ:DKNG
Y’all know y’all addicted to online sports gambling.
DKNG Bullish Divergence and more!This stock is showing very bullish divergence in the RSI. It also rebounded off the bottom of the channel really hard. I'm expecting these next few days into earnings to be green.
Expecting $DKNG to have a really good run very soon.
Draft Kings - DKNG - In a good buy zone just above $52?Draft Kings - DKNG - In a good buy zone just above $52? Based in technical analysis this may be a good buy zone if price does not dip below $52. Would this be about a 25-30% gain if price goes near $75? We will see what happens in the future!
DKNG 60+I believe DKNG should be following this bottom trendline and breaking the upper resistance.
DKNG is creating a "head and shoulders" type of pattern leading to 60+, if it breaks above 60 then it could be parabolic.
It's gonna be intresting with DKNGThe stock is trying to break EMA20, If it breaks that area and then EMA50, Imma gonna open a long position on a break the resistance $64.50 - $65.
if the stock goes down then I will wait for it to decrease till EMA200.
DKNGBreaking out after a 3rd bounce of resistance ahead of earnings next week. Plan right now is to play this long until earnings day and leave a runner for the report.
DraftKings - DKNG - Stock - Time to load up?DraftKings - DKNG - Stock - Time to load up? Technical analysis shows a pattern. Will it repeat or is the pattern over? We will see?
DKNG reclaim 60?DKNG 4HR Chart-
DKNG had a nice falling wedge breakout with decent volume and a strong close above 58. With earnings approaching as a catalyst, we could see more upside. Would like to see price form higher lows with this current break of the downtrend. A break and hold above 60.50-61 level and we could see nice rally to February highs of 64.70-65. Keep gambling laws, other gambling stocks' news (sympathy plays), etc. on watch as potential catalysts to help boost the Donkey Kong to the moon. Recent news with mobile sports betting laws being passed in states has resulted in pump and dump situation, so keep that in mind as well as current market sentiment.
DKNG Long and StrongStrong Support at 56. The short term downward trend has broken. Overall Longterm uptrend remains intact and strong. Strong buy at $55/$56. Price Target %72. RSI buying signal at 55. States across the country are legalizing online gambling. This should act as a strong catalyst to keep moving higher.
DKNGDKNG a great long term play but I see this as a nice play that can happen depending on how Monday looks.
