Get started
DRAFTKINGS INCDRAFTKINGS INCDRAFTKINGS INC

DRAFTKINGS INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

DKNG1 trade ideas

DKNG - REVERSAL : Movement Ending Volume + Stoch DivergenceAfter -36% almost non-stop in 17 days, we are back in the zone with potential supports (and reasons for the drop to stop). Here is how we could look at a reversal : VOLUME : Since Oct 13th, went from very small volume to 3x volume size on the 20th (highest daily volume for DKNG, all-time), after which it dropped by half. This is a "movement-ending volume". The price got to a level of interest for buyers and they are stepping in; the sellers sold their positions and left the building. BULLISH HIDDEN DIVERGENCE : Between the low (price action and Stoch) of early September, and the new Stoch low, the price is at a higher level. This is a bullish hidden divergence, hinting towards bullish move. Stoch is at close to 0.00 also, "oversold". UPTREND : The uptrend started April 3rd 2020. It acted twice as support (mid-August and Early september). We are arriving at this trendline once more; which may again act as the support and send the stock upwards. FIBONACCI 0.618 : "Commonly strong" Fibonacci Support, which is at 41.56$. SUPPORT PIVOTS : 44.00$ (All Time High for a while, was the resistance to beat, once broken out of this zone it became parabolic), 41.00$ (highs pivots of end of August) (Note that the Average True Range is at 3.70$, meaning we can expect 3.70$ of volatility pas a targeted support line)
NASDAQ:DKNGLong
by butcher42
May be a nice 'spring day' tradeToday's trading day saw strong support which drove the price back up and resulted in a green day over all. Tomorrow would confirm the reversal but this may be a spring day, where tomorrow and the day after may be nice and green. Volume is high. This had been taking a beating for a bit so this can be argued to be a 'buy the dip' opportunity. I am looking into what call options are priced in at. I may not enter the trade at all though. I would need to find something longer term, and not priced in. Thats what I am looking for tomorrow, and if it opens at a gap up then forget it altogether.
NASDAQ:DKNG
by tsx_trader