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DKNG trade ideas

$DKNG makes a Peg gap and pulls back into great support buy area🚨 NASDAQ:DKNG Just Formed a Perfect Peg Gap—Is This the Buy Zone? DraftKings ( NASDAQ:DKNG ) just made a Peg gap and is now pulling back into a strong support zone—creating what could be a prime buying opportunity for sharp-eyed traders. 👀 Here’s what’s setting up: ✅ Peg Gap Formation: A bullish signal indicating momentum is still in play. ✅ Pullback to Key Support: Price is settling into a high-confluence buy area. ✅ Potential Bounce Setup: Risk/reward looks 🔥 for a move higher. Why does this matter? Because when stocks pull back into solid support after a breakout gap, it often sets up the next leg higher. With sports betting continuing to grow and NASDAQ:DKNG maintaining bullish fundamentals, this could be the perfect moment to jump in before the next rally. 🎯 Watch for confirmation near support—this could move fast. 🚀
NASDAQ:DKNGLong
by RB_T
$DKNG Short-term Bullish, Daily TimeframeHey what's up ya'll! I hope you guys are doing well. There are many companies that are reporting earnings this week ( NASDAQ:DKNG is reporting next week Thursday, Nov 7). I'm still debating whether or not to hold contract passed earnings since it may cause a drop and I would rather exit then to hold. If I'm up at least 15% on the contract I'll put a trailing stop loss. Contract purchased: - 17 JAN 25 40c (down -5%) Entry Price: - $37.22 @ 3:34pm Rationale for contract: - Price appears to have hit a support around $36 (previous resistance) - Price hit the all-time 0.618 bullish Fibonacci - MACD curling up; blue line approaching the orange line that indicates bullishness - RSI @ 46; near the medium line of 50 Conclusion: If price goes below the previous weekly low at $36, I'll cut. If price hits $41 before earnings, I'll sell or put a 5% trailing stop loss.
NASDAQ:DKNGLong
by Brandonthrives
DKNG from $41.70 to $36.50MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price nearing top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at near Fibonacci level of $42.14 In at $41.70 Target is $36.50 or channel bottom
NASDAQ:DKNGShort
by chancethepug
4
$DKNG - bet on the KingNASDAQ:DKNG chart looks like it is getting ready to rocket. Closed the daily on a bullish hammer after being in the red almost all day. Closed above the 21EMA, $0.10 away from the 9EMA, and looking to tag the 50EMA next week. Anchored VWAP shows we bounced nicely off the 1 standard deviation. Sell target would be when we hit the 2 standard deviation which this has done multiple times and rejected (i.e. purple bands). Improving fundamentals coupled with recent acquisitions and this is ready to move higher. Based on fib extensions and resistance lines I would like to sell a portion of the position around $42.66 and $45.41. Not out of the realm of us hitting these targets within the next 6 months given sports betting season is upon us.
NASDAQ:DKNGLong
by jhuey235