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DRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL A

DRAFTKINGS INC COM USD0.0001 CL A

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DKNG: Looking into the possible scenarios by Dec 2023Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone. Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023. If price holds above 15.15, the base case scenario includes a rise in price toward 26 and 27.5.
NASDAQ:DKNGLong
by Quantific-Solutions
DKNG SHORTNo need to overcomplicate the chart for DKNG. Obviously had a great run but now it is at an overbought level, and as you can see on the chart, every time it goes above RSI overbought level it goes down every single time! Reasons to short: 1. Overbought needs to go down and find a support 2. Currently trading at resistance line (red) as long as there is no significant announcement or ER numbers to push the stock above that it's hard to break! 3. Current market condition, because of solid job market data, higher than expected inflation data the market expects the fed will raise the rate even higher. The following support will be at 200 MA (blue line).
NASDAQ:DKNGShort
by TugsMM
Draftkings Looking primed! Ascending triangle building. If we can close above 18.11 this could be a nasty trade. As this pattern builds we could see support at 16.10s reistance at 18.10s. Looks to have broken a large downtrendinf reostance at 17.50s. Biggest support on a big down move is 15.75. Howver I’ll be watching for a breakout king above 18.11s or pop if that and retest of 17.90 as new support. That could be the entry if that holds First tarhet 19.20 Second target 20.20 Third target 21.60 4th is 34$
NASDAQ:DKNGLong
by Erictaylor
4
DraftkingsBased off this large decesninf trinagle DKING has ripped to the downtrendinf reostanxen what we need to see is support and closes above 17.45. This could give us the breakout signal to launch us higher. Curently we seem to be flagging under it after the first rejextion off it. Key level to watch for a breakout trade. No need to rush. The stock will show us it’s ready soon if we fail then 15 could be a great support 17.36 is the .5 fib which is where we are struggling to flip to support curently. That could be the level. Above that is 19,20.30 and 21.50
NASDAQ:DKNGLong
by Erictaylor
How is DKNG here?I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment. LONG TERM: This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an easy $40 dollar stock. SHORT TERM: I don't like the way this stock is looking for short term. It needs to squeeze and set some real support on this 10.54 mark before working it's way up to test that tough 17.49 resistance.
NASDAQ:DKNGLong
by KinCobalt
DKNG has bottomedIncredibly, one of the largest head and shoulders patterns I've ever seen played out perfectly and entirely, and we are now trading at levels not seen since late 2019. There is massive support down here and I expect this stock to have fully bottomed around this area before beginning a new uptrend within the next month or two. I'm going to hold this one for a few years, add if it drops any further, and take it to the bank. If you want to be save put a stoploss at DKNG's lowest price from earlier this year. Extremely oversold, decent valuation here, the company is growing quickly and will be profitable once management realizes that if they keep diluting shareholders they are going to get run out. All of this (aka the worst) has been priced in. Time for the upside.
NASDAQ:DKNGLong
by stonkasaurusrex
1
dkng bull flagLooking through some charts and noticed a bull flag forming in DKNG. Provided the overall market doesn't implode over the next couple days, I'm thinking it fights its way back up into the 16s not expecting it to break out of the flag formation but definitely possible/likely to test the top of the channel imo. Nice volume gap from here all the way up to the 16s area doesn't provide a ton of resistance. One issue I am seeing is the IV on the options contracts is very high. No position currently but will keep on watch and look to play it if the set-up stays the same. Not financial advice!
NASDAQ:DKNGLong
by EZmoney24
1