DKNG Channel UpMACD, RSI, and channel all point to bullish run upcoming. Target $75 or when MACD & RSI become oversold.
DKNG1 trade ideas
DKNG $$ buy opportunityThere is a clear trend in terms of DKNG dips.
I would suggest waiting for the price to hit $60, then load up.
Same goes with a $56.50 dip. I believe that there is immense potential for growth, both in the short and long term.
I believe that this will break record highs before the end of may.
Expect to see DKNG in the 70s before the end of April.
Dumb value. BUY BUY BUY. (not liable for losses, this is not trading advice, simply my opinion)
Draft Kings is in a Very Strong Chanel Looks even better on the 1 hr chart. Those channel lines are good spots to add more/double down.
BUY $DKNG DKNG near buy range here, on fib, bullish with sports picking back up, abit of a re opening play/march madness
Potential Breakout coming soon for DKNGDKNG is in a nice megaphone pattern since the beginning of 2021, recently we have been making higher lows and consolidating in the 67-72 range. If we can maintain this consolidation i think we could see a breakout to the top of the megaphone PT 79 with a high PT of 81.
The trade that i have outlined has a risk to reward of 5.4 and a stop loss on the break of the green support zone that would signify a probable drop to the bottom of the megaphone.
Is it just me or does DKNG look like a no-brainer right now?I've had decent luck on weekly calls with them, but they're coming into a peak season with earnings looking likely to be positive. Mostly, the chart looks great IMO. Would love to hear anyone's input.
DKNG formed C&H and is approaching highs DKNG formed the handle and retraced around the 61.80% fib level as I thought.
We are near highs and if we can hold this level I expect us to move to $76.91 and then $83.82.
Current Price: $71.98
Support: $65, 68.70, $70
Resistance: $72.60
DKNG + March Madness + Stimulus$DKNG + March Madness + Stimulus #tradeidea
We are knocking on the resistance. Once $74 breaks with volume, look for confirmation to go long
Draftking Ascending TriangleMarch madness + New price upgrades has pushed this stock over 20% this month so far
Resistance is around the 72-74$ area.
I'd consider a pattern breakout and entry over 74$.
White lines are overall range it's been trading in.
Yellow line is recent support area trendline that compliments the Ascending pattern but even that trendline doesn't hold and it falls back to the mid 60$ range you can still see the pattern with the white lines.
Greenlines are targets fibonacci
$DKNG Wave Theory Projection Update - Onto Wave 3 (Target: $87)$DKNG Wave Theory. Wave 2 hit as projected, other indicators are looking good
Potential Push for Wave 3 soon.Looking to push out above the daily descending channel before challenging the monthly. Wave 3 projection near $88.50.
DKNG at top of channelLooks like buyers are losing steam. It's at the top of the channel and having some trouble. I'd expect a retrace to around 65.
$dkngEither back test on resistance, or we test .382 to support than move off 60 into highs again, per usual
DKNG Cup & Handle - Short term PT of $65 before heading higher$DKNG looks to be forming a Cup & Handle pattern. This may be the start of the handle formation.
Appears to be topped out at this $72. Looks like it will move to a short term downside to $65 before heading higher to new highs.
Short Term Target: Pullback to $66-65 based on 61.80% fib level
Price: $71.75
Support: $65, $70
Resistance: $72.60
Cup and HandleI am gonna hang with the pattern for now. Call me crazy (o:
Testing support for sure.
The market mood seems off kilter for stocks such as this one. A throwback occurred last time it broke long entry level.
This one does not seem to swing too low. I feel it will make it's mark, just a matter of when (O: Patience and trade management can save us (o"
No recommendation
Smart money bought this at 17 to 38. They will most likely let it ride unless their position is threatened. I can tell where they bought by looking at negative volume. We are positive volume. Negative volume is volume on down days. Positive volume is virtually volume of up days.
No recommendation
Throwbacks can hurt performance,
Try hard to look at a chart objectively. Hear what the candles are telling you..see what the support and resistance are doing.
Sometimes we see what we want to see and not what is actually there (o:
A chart is a mere xray of supply and demand
No rising wedges in the yearly chart. Keep an eye of RSI and the candles.
Important to know your candles, like hammer, shooting star, dojis, engulfing.
Long Legged dogi with a long wick pointiong down can show important support levels. That tall tail reached down and stops abruptly. "OUCH BABE" and she holds (o:
