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DraftKings Inc.

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DKNG trade ideas

$DKNG long V recoverySorry Jim Chanos, you're just dead wrong about this one. You might be right about WYNN tho. Go long DKNG. Looking very attractive right here and appears to be forming another V recovery. The prior V recovery brought DKNG to its ATH of $74.38. This could send it to those levels for an initial test and then hopefully an eventual breakthrough. (They usually don't break through prior resistance on the first try) Draftkings launch into the NFT space partnered with the NFL right before the Superbowl should make for a very fruitful quarter.
NASDAQ:DKNGLong
by EBITDAtiger
3
DKNG Neckline BreakDescription DKNG appears to have made a break in the neckline as well as a back test, and I will be entering a starter Long Put position. For the larger time frame, refer to the idea I published here: Technical Indicators: Break in the neckline Death Cross on 29OCT Neckline rejection today Good volume on the breakout Using Long Puts Long Put Levels on Chart SL is set as a break and hold above the ascending neckline. Our eventual price target, as measured by the height of the "head", has us retracing the entire move that was made in 2020. For an intermediate target, we will go with the support set in August of 20. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 42P R/R & Break-evens vary on fill. Manage Risk Only invest what you are willing to lose
NASDAQ:DKNGShort
by BarnardR
LT Swing Position for Draft Kings Inc(DKNG)Currently, I see Draft Kings Inc( DKNG ), coming off a Head & Shoulder pattern on the 4hour, Daily and Weekly time frame. Before my further analysis, all the information will be accurate with each of these time frames. The Fibonacci levels I have marked have been respected by this chart. DKNG could be coming down into a supply zone within the ranges of $34.39-$30.75 and act as a potential support. This range could also be used to down cost average the position. If $30.75 is broken, the technical analysis is broken and the position exited. The fibonacci levels would be used for take-profit levels such as 0.786($42.87) for the first, 0.618($49.57) for the second, and so on. DKNG missed its previous earnings report(11/5/21) and could be priced in already. With the sport seasons having started, DKNG could likely react bullish on the charts with its next next earning report also being beat. As well, there have been rumors of companies such as Disney and others looking to purchase stakes in sports betting companies( Bullish for sector), with DKNG being a viable candidate and a likely one. LT Swing Position DKNG (Shares, Possible option leaps) Risk: 3.5/5, DKNG has yet to reverse or show any signs of reversal *Trade with your own due diligence and discretion!*
NASDAQ:DKNGLong
by Red_Ink
DKNG Oversold?DKNG has suffered from massive selling. The stock fell from its highs of $65 in September, to about $50. It consolidated for a month in a parallel channel and then broke below. Measuring the downside move from the bearflag/ABC pattern places DKNG at current levels ($35). We are currently sitting at a support level that was created back in October/November of 2020. Additionally, RSI reads that we are overextended to the downside. The last time we had a reading this low was at the same support from Oct/Nov. DKNG bounced about 40% from those lows. If we begin to close above this steep downtrend channel that we are in, we could look for a retest of the 0.618 fib level which happens to be around $40.
NASDAQ:DKNGLong
by Decam9
draft King Long shot but still possible After this stock has dramatically fall into bear market, mega hyper run, I do not expect to fall more, not with all sport gambling industry potential, a lot of noise about Some hedge funds shorting the stock, but the truth is that small caps was decimated, sin september, this offer tremendous potencially, im long stop 25 easily could get back to $41-$51 levels next year, is a risky bet but with a lot sport events the next year i think could even be back to all time high but i t will take time, as all investment, people get frustrated after losing but you never buy high points. i remember people trashing apple and nvdia and now the dont know how to cover their shorts. still think they could continue to growth into double digits next year.
NASDAQ:DKNGLong
by Kanon8260
Bearish Long Term Head and Shoulders on DKNGDraft Kings looks to be breaking down under the neckline of a long term head and shoulders pattern. This is extremely bearish and suggests a target in the $15-$20 range based on the height of the head from the neckline. Possible retest of the neckline before the crash. If the neckline resistance holds, look out below. If DKNG can break through the neckline with confidence, the pattern and trade setup could be invalidated. I personally prefer to wait for the neckline test before entering a position.
NASDAQ:DKNGShort
by ImportantImports
10
DKNG - HIGHER WATCHLIST THAN ANY OTHER STOCK HERE All, Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for options activity + big candles (hedges,insiders,tutes) buying in. I promise DKNG will return, sports will NOT stop due to COVID. Even Biden clearly said shutdown is not happening.
NASDAQ:DKNG
by DigitalData
7
DKNG - Bullish Flag SetupDKNG - is another company that i reviewed a while back on my youtube channel and after digging in the business model made me even more bullish on them, however they had a little bit of a side step when it came to earnings but what W/S didn't consider is that the promos DKNG ran when going into the new added states was the amount of promotional money DKNG put up for that when considering the numbers showed as it losing ground there also MAU Deposits when down due to them getting free money to sign up and after them having to fund money did not end up meeting the mark in either case it was an over reaction and the price has struggled HOWEVER as we can see this is a bullish flag setup which have a tendency to break to the top side i know those things are guaranteed but it still makes for a good play to throw in your watch list and if starts to make a push to the top side throw some money into some calls to take advanctage of those gains, in addittion to this Cathie Wood and her ARK fund has not stopped adding to their very large position with dkng
NASDAQ:DKNGLong
by Stock_Hustle21