DKNGRequested by @RocketFuel20
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
DKNG trade ideas
$DKNG Sellers are getting FULL!!! New York just legalized sports betting and NASDAQ:DKNG (DraftKings) is already breaking records in the empire state.
Confluence: Divergence between RSI and Price action;
Entry: Sub $20 is an ideal entry but the price won't stay that low for long
Target: All-time highs by end of 2022
DKNG Short strangle for a $1.29 creditFEB 18 STO 20 P
FEB 18 STO 35 C
POP 76%
Delta -9.70
P50 88%
Theta 4.213
M Profit 129
M Loss Infinity
BP -$268.71
ROC 48%
DKNG: another bounce candidate?DKNG :
Some pros and cons to play a potential bounce.
--Big Wyckoff distribution on weekly and daily.
++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through)
++ Bullish RSI divergence on daily (that you can't see on my weekly chart)
Since I like the set up I will look for an entry today, but only for a swing trade (maybe 1 or 2 weeks max ). My target is around 33-35 .
Be careful below 27.
Trade safe!
DKNG Ready For ReversalDKNG has been beat down waaay too much, the bottom has got to be near. Bullish Divergence on the MFI makes me believe this is primed to pop. Watching for a break of the falling channel before entering short term calls and LEAPS. Looking for $30-$32 in 1-2 weeks. Institutions own 62.5% of DKNG, up .58% from last quarter. Don't let the shorts fool you, great buying opportunity. This is one of my core positions along with SOFI & CHPT and I expect them all to make a swift move to the upside!
DKNG LONG DCA continuesContinueing to buy the dip and DCA on DKN at these levels (see prior chart).
Good signs on the macro level and oversold across multiple indicators.
** NOT TRADING OR FINANCIAL ADVICE **
Head and Shoulders Targets down are listed below structure.
Price has crossed through neckline with a confirmed downtrend.
No recommendation.
Does anyone know how to fix the candles on here? Mine look like lines instead of candles. I tried the gadget at the top of the chart but no luck )o:
DKNG full of RSI divergenceMonthly, weekly and daily chart has bullish gidden RSI divergence. DKNG is a beast hidden under dirt.
$DKNG wedge breakoutSeasonality for Superbowl season, news of sports betting legalization in NY, and bullish divergence on RSI on daily timeframe. Currently over trendline resistance in AH at 27.88. Long over 28, PT 28.6, 30, 32.6, 34.
$DKNG | WEEKLY WATCHLIST 1/10$DKNG 1D
Bounced perfectly off the 78.6% from all-time range.
If > $23.5, possible to see 100% upside at the minimum...
Good News to bet via Mobile Apps may turn this bullishPrice supported by 23.6% Fibo
Good news on allowing users to bet via mobile apps.
Support 24
Immediate TP: 35 - 38.2% Fibo
DKNGDraftkings Inc (NASDAQ:DKNG) The stock is bouncing after seeing weeks of strong downward movement. While DKNG's short-term trend seems to have reversed, a close above the pivot pocket 28.80 could lead to more relief and confirm the possible bottom. I think we could see more gains next week as the heavy volume of the last two days should attract some more bottom feeders. As I tweeted on Thursday I took a position around 24.5 and doubled it on the break of 25 looking for an initial target around 30.7 Lets see what Monday brings us.
$DKNG DraftKings Finds Fibonacci Support.$27.50 🔑
Key Level $27.50
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
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LONG AND STRONG DKING!!!im not dking around, this is a big D about to explode out of a falling wedgie pooh after touching 786
$DKNG to ~$18 areaHead and shoulders pattern for $DKNG -- looking for it to move back to the ~$18 area to complete the downtrend.
Crouched Bobtail Cat - Ready to PounceDraft Kings is showing a completed Bobtail Cat, poised to pounce with rear leg flexed, back arched and front paw ahead of head. Confirmation is knowing that cats are kings.
Get ready for the Bobtail Cat to pounce -- most likely to see a leap up as Draft Kings leaps up. If the bobtail is on an unseen ledge, prepare for a long downward fall. Remember cats land on their feet and have nine lives, though. DKNG should survive.
(Not advice or opinion, simply chart art.)
DraftKings (USA: $DKNG) Could See An Epic Bounce Into 2022!DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.
DKNG Bottom at $25 to take it back to $40+ $DKNG This has been brutal Q4 for all the small caps. This one must have lost all those who couldn't hold by losses. $25 is a great magnetic level to attract new buyers to take it back to $50 via the levels shown
Target-1 $30
Target-2 $34.50
Target-3 $43
STOP <24
draftkings at a beautiful dip, chances are we bounce soon 🧐dkng must bounce off this extreme support area, if we break 26.5 we probably continue lower.
If we hold this support zone we can head back to 60s sometime in 2022!
great risk reward entry for longs in my opinion.
like and follow for more 💘
Relevant levels on DKNG and trading opportunityToday we will take a look at DKNG.
The first thing to mention is that the price has reached a significant level composed of a support and a cloned trendline of the current descending movement or corrective movement.
From here, we can see an inner descending trendline inside the correction (yellow line). That trendline is really important to provide us with information about a possible change in trend.
The main thing I'm looking for before confirming a change in trend is the next sequence.
-Breakout of the yellow trendline
-After that, I want to see a correction with similar proportions as the red line I draw. That's the main trading opportunity towards the bullish target
IF that correction happens, developing setups on its breakout may be a good setup with a risk to reward ratio higher than 2. However, at the moment, that's far from happening.
The last element of this analysis is: What happens if the price keeps falling? Then we should pay attention to the next support level at 11.00 as a possible target.
Thanks for reading! Feel free to share your view in the comments.
DKNGSports betting has become a liquidity vortex
This stock will be hundreds in coming years
Draftkings & Foxwoods Just launched online betting in the state of Connecticut
I think this looks like a head and shoulders, will load at 28.5
