Get started
DraftKings Inc.DraftKings Inc.DraftKings Inc.

DraftKings Inc.

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

DKNG trade ideas

Watching DKNG for bounceAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020-April 2020. We can see a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the emergence of the Draftkings sportsbook and casino in numerous states across the U.S I think it could be a good time to enter into a position. (RSI oversold and MACD crossover indications are very bullish on 1 week chart)
NASDAQ:DKNGLong
by dzmiller39
DraftKings (DKNG)....An emergihg Phoenix ??In the past five months DraftKings has managed to erase over 70% of their share price.No mean feat. Not a lot of history but it does tend to have runs. Recently the three month down channel appears to have been challenged and broken. Breakouts tend to challenge themselves so there is no reason this can't retrace and trade near the Jan. 24th low. Perhaps a little early for this nag but worth watching. We do need some clear evidence of a reversal, so breaching the $25.83 area would be a good start. Targets and entry points are marked. Not investment advice... do your own due diligence and be respectful of of broader market conditions,the Fed and sentiments. S.
NASDAQ:DKNG
by Steve666
1
DKNGIf the first impulse is going to ratio the larger future waves, I think this is how it will end up playing out s3.tradingview.com Length of first red wave 1, s3.tradingview.com length placed at start of wave 3, waves often overthrow the lines, but it doesn't invalidate now, s3.tradingview.com size of Impulsive starting from 0.00 s3.tradingview.com placed from its .618 green zone - Target is 25$ before upside I believe this is the A wave, a running flat the following B wave, which is .618 the size of the A wave
NASDAQ:DKNGLong
by williamdas
20
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!
NASDAQ:DKNGLong
by Elpidaldo
19
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!
NASDAQ:DKNGLong
by chaseflores10
8