1DKNG trade ideas
Draftkings in a technical bearish bullish standoffDraft kings is sitting right above the 200 EMA. It’s at a critical point and the cross of the 200 EMA in the downward trend could lead to further Bearish movement. However, if we can break the triangle and stay above the 200 EMA (blue line and strong support), we could see they push towards the next fib level of 59.90.
If you are in it, stay put and wait for more confirmation.
If you are waiting to buy be patient.
ABC BullishDKNG fell from an ugly top to almost the exact level that is targeted using charting rules or pattern rules. Many use the head of the ugly top and draw a line to the neckline, then move it to project downward from the neckline. Never means it can not fall less or more, so just a guesstimate. You can draw your line and use the magnet to move it.
I have noticed lots of failed head and shoulders patterns as of late. This one made it to the bottom of the pattern.
No recommendation
DKNG 13-04-2021 LongAsset and Time frame -Daily
Entry Price -59.22
Exit(Stop Loss) -56.25
Exit(Take Profit) -69.57
Technical Analysis -Price rebounded from a daily 100 MA and a confirmed channel with good reaction and decent volume,on the 4H chart there is a hammer pattern, wait for confirmation if you want a safer entry.
Draft Kings (DKNG) ...Time to Gamble ??I like the way this chart looks.
No particular recognizable pattern.. Perhaps a NEN Star.
DYODD
S.
DKNG HITS TP IF you guys been following we have been in DKNG around 48-49. What a run, we got payed. I will be looking to take some profits. Follow for more!
Draftkings tradecongratulations if you entered this trade with me:) take profits when you are happy. I think 61 USD is possible.
DRAFTKINGS - SWING TRADING IDEASwing trading idea after a possible breakout. Lets see how the market behaves this week:)
DKNG SITTING ON SUPPORT AND 50% RETRACEMENT ALL TIMEAll,
I think this one is self explanatory with the retracement. Question is how much wiggling does it have to do before it takes off. Regardless around the $40 mark it has some pretty insane support.
DraftKings - Take Profit (Short Term)? TRADE SETUP 25%+ bounce off the 0.5fib support.
Taking some profits off the table here personally.
If price doesn't get above this current resistance level I would look for a possible retest of the 0.5 and possibly even lower, at which I would look to grab some bags.
Not financial advice, trade at your own risk. Good luck!
DKNG Back on major trend.After going down for a couple weeks and even catching me.
It's back on the major trend and looking very bullish.
Good MACD cross and RSI.
Closed above 50 with volume
DKNG starting to retraceDKNG is the third ticker I've seen that is retracing off the 200 day MA. I'll be looking at them as a group now to see if I can "follow the leader"
DKNG potential play for this weekDkng is setting up nice for a bull run this week. In the weekly timeframe we have a nice reversel pattern. Above 50 we will be breaking out the flag for the run. Lets watch it closely. Follow me for more.
DKNG to $62+DKNG has recently entered back into its long term trendline support from July 2020...
As we see, Weekly demand held very strong in the low 40 range and was instantly bought back up to over 50, from here I think we may retest the breakout and continue upwards to 61-62 at the .618 fib. This of course all depends on if we can break this old supply zone that from Dec 2020.
Usually when I use supply and demand zones, I do not chart old ones as more than not, new zones will appear but in this case... this specific supply zone seems to have been very respected over the past year so that is why I kept it charted. The .382 fib happens to be right where the supply zone starts as well, so expect some consolidation and/or resistance when DKNG approaches this zone.
Overall, I am still bearish on the market as a whole but historically, June is a bullish month so I will be looking for some more stocks to go long on!
TDLR: 53c 6/18, 60c 7/16
PT1: 53.97
PT2: 57.70
PT3: 62.22
Happy Trading!
DKNG Potential ShortKeep eyes on this. SMI overvalued and is on downwards trend. could be awesome short if we see pullback in SPY.
DKNG Pontial play for next week. As you guys could see we were correcting for quite some time. We bounce off the 786 fib level. We will look to break out the flag and make a bull run to 55. Lets watch it closely.
