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DraftKings Inc.

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DKNG trade ideas

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
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.
NASDAQ:DKNGLong
by SmoothJB
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.)
NASDAQ:DKNGLong
by mogulskier82