2 USD WINDOWpossible play on the continuation for scalping
premarket High to first target is a 2 USD window
DKNG trade ideas
DKNG SCALP OR DAY TRADE - SHORT TERM CHANNEL PLAY BOTH SIDES!DKNG has a lot of price action on the bottom half of this channel.
Use 30 min time frame for entry and exit.
SHORT SIDE
Based on this, short term analysis, DKNG is at an uncomfortable level and will retrace down to bottom, at it's comfort zone.
Confirmation: stoch crossing below 80, and bearish candle.
EXTRA confirmation - Volume below 20 MA. As long as volume stays below 20 MA, trend bearish.
Or jump the gun, and hop in now.
Key level of support area is around 62.95 Watch for bounce or break. Break, next support is bottom of channel at 61.45.
LONG SIDE - Set STOCH OS to 40 instead of 20.
Wait for bounce on bottom of channel.
Confirmation = bullish candle and increasing volume over 20 MA.
Cross up 40 on stoch.
Play to upside of channel.
First area of resistance is middle line at 63 range.
DAY TRADE or Scalp - Moves pretty fast in this channel.
BOOM!!!!! $DKNG TARGET HIT 25.52% in 21 days 🏈BOOM!!!!! $DKNG TARGET HIT 25.52 in 21 days 🏈. I know I'm ready for football & Fantasy Football season 💃🏻
$DKNG break upSport season is coming. I'm in $61.95
Should have entered at the break of the inside bar. But good enough. Nice follow through
$DKNG gearing up for trend continuationDRAFTKINGS
---> Inside bar / hammer candle last Friday
---> Riding above 5-12 EMA cloud indicating strength of uptrend
---> Football season started
Breakout above: $61.77 - $62.3
PT 1: $69
PT 2: $72
PT 3: All time highs
DKNG Newbie Analysis [5 Sep 2021]Bullish but forsee retracement.
It might be in Wave 1 and entering Wave 2 retracement. There is a bearish rising flag forming too. Candles getting smaller as days go by.
Plan
Can consider enter the trade at 61, go short and have a tight stop loss :) but should be better to just wait and see and entry later on.
Everything can go wrong so long the counting for wave is wrong
Stop Loss
63
Price Target
- 53.51 (38.2% using Fib 60/43)
- 51.50 (50% using Fib 60/43)
- 49.50 (61.8% using Fib 60/43)
This is not financial advice.
Please be kind, I am really new and welcome constructive feedback:)
DKNg Daily wave updateDKNG above new volume shelf support. Well on its way to our 65 PT. Soon we likely reach wave 3 top so be smart about stops up here, hopefully we tag 65 this week
DKNG LONG IDEAWatching DKNG for a possible trend reversal once a breakthrough of 0.236 fib occurs at my price level of just over $48. A strong breakthrough would indicate a move out of a three-month downtrend which aligns with my indicators. MACD is curling upwards, and RSI is moving out of oversold territory lining up for a potential upwards move. It also held the lower trendline with significant strength on the 19th. Significant resistance levels include $50 and the 0.382 fib level of $53 at which I will likely take some profits.
My fundamental thoughts are bullish with the recent pullback being healthy for a move up to all time highs which will be 4400 for SPX and over 15000 for the Nasdaq. Covid delta fears have also somewhat subsided and seeing similar with inflation concerns as the US 10yr sinks to relative lows. I believe periods of anticipation of sustained reflation or tapering are likely to remain brief which will allow growth stocks to perform in the meantime. A strong combination of fundamentals and technicals makes this a solid play in my opinion.
DKNG to break trendlineIf DKNG can break an old resistance line to the upward the upcoming few days, I would expect a bullish run.
$DKNG - Forming ascending bullish pattern, watch for breakout$DKNG - Forming ascending bullish pattern, watch for breakout
DKNG - D :: Format W - bet the housePrice recovery ofter the return of games.
Target 1 at $63,73
Target 2 at $73,42
Format W - reversal movement type.
$DKNG Long OpportunityDKN could find some buy support here at the demand zone where we could see a pretty good risk to reward opportunity on the long side
DKNG ascending trianglethis is my first analysis ever so gimme tips. Anyways theres a ascending tiangle that should be bullish and should breakout around september 3rd, but more thoughts on the actual chart. Once again i dont have much experience so take this with a grain of salt.
DKNG is moving in ascending channel.DKNG is moving in an ascending channel and looks like it’s trying to breakout at this time but the volume is low, so let’s keep an eye for next few days.
Appreciate any comment/feedback.
$DKNG | WEEKLY WATCHLISTAmazing setup for the week showing lots of strength. Ideally really want a dip early in the week for an opportunity to get in at a lower price. However, that may not happen. Looking for the $64-65 region to the upside before a larger pullback occurs which will also be buyable.
DRAFTKINGS - Technical analysis DKNG shows a clear impulse structure. As expected, the sub wave (3) has reached its target. Now it might slowly begin to correct. It is important that the market remains with a possible correction above 51.27.
The running wave 3 can extend even more.
- 62.35
- 63.66
- 65.87
are possible targets for this wave.
Overall, I see dkng as very bullish and expect prices over 70 dollars.
$DKNG Bullish Idea
DraftKings is an online gambling app that has recently had some Negative talks from a short seller due to partners who were allegedly involved in illegal activities.
DKNG has had unusual options activity aiming for a 10% increase within the next month.
The stock has broken out of a descending triangle and looks to have some positive gamma momentum of bullish sweepers continue to step in.
Targets are $56 and $58 by early October with a stop loss set at $51.
$DKNG well on our way to wave 3 PTDKNG's had a huge week last week and we are well on our way to the ~70 PT for our wave 3 top
DKNG Reversal or Upside BreakoutOn the weekly chart it seems a possible head & shoulders pattern is forming if we cannot break above 63 with increased bull volume to test all time highs.
Although price is holding above the 10/20/50 moving average nicely on the weekly with a nice spike in bull volume which could give it some momentum to test resistance at 63 and possibly breakout.
If we test resistance & bear volume starts to kick it heavy we could look for a short position with a stop above 63 and a target profit at moving average support. If the neck line is broken below 50 this will confirm a head & shoulders reversal.
Also I notices bearish divergence on the weekly RSI that should be taken into consideration. This means a possible downtrend or reversal is near due to the loss of momentum in the trend.
If we can break above 63 with increased bull volume we could potentially see all time highs.
I will be on the sidelines waiting for a break above 63 or a break below 50
What are your thoughts?
DKNG In Possible SOS PhaseTrading range to be expected here before breakout. Timing is almost perfect as Football Season comes into full swing. Hope to see this trade in a new price discovery area in the near future.
