DKNG trade ideas
It's gonna be intresting with DKNGThe stock is trying to break EMA20, If it breaks that area and then EMA50, Imma gonna open a long position on a break the resistance $64.50 - $65.
if the stock goes down then I will wait for it to decrease till EMA200.
DKNGBreaking out after a 3rd bounce of resistance ahead of earnings next week. Plan right now is to play this long until earnings day and leave a runner for the report.
DraftKings - DKNG - Stock - Time to load up?DraftKings - DKNG - Stock - Time to load up? Technical analysis shows a pattern. Will it repeat or is the pattern over? We will see?
DKNG reclaim 60?DKNG 4HR Chart-
DKNG had a nice falling wedge breakout with decent volume and a strong close above 58. With earnings approaching as a catalyst, we could see more upside. Would like to see price form higher lows with this current break of the downtrend. A break and hold above 60.50-61 level and we could see nice rally to February highs of 64.70-65. Keep gambling laws, other gambling stocks' news (sympathy plays), etc. on watch as potential catalysts to help boost the Donkey Kong to the moon. Recent news with mobile sports betting laws being passed in states has resulted in pump and dump situation, so keep that in mind as well as current market sentiment.
DKNG Long and StrongStrong Support at 56. The short term downward trend has broken. Overall Longterm uptrend remains intact and strong. Strong buy at $55/$56. Price Target %72. RSI buying signal at 55. States across the country are legalizing online gambling. This should act as a strong catalyst to keep moving higher.
DKNGDKNG a great long term play but I see this as a nice play that can happen depending on how Monday looks.
DKNG Analysis $DKNG | #Analysis | #StockMarket
Price Target 68.07 🎯
Bull Flag ✅
Trend Reversal with Break Above Clouds ✅
Consolidation just below 0.786 ✅
Increasing Momentum ✅
Entry on Break of 60.83 with Confirmation ✅
Invalidated below 56.21 ❌
DKNGDKNG is looking like it wants to bounce back into that channel and run. With Earnings coming up I expect a huge pump after it breaks the resistance and pushes into the channel. The RSI and MACD are looking good. It is still under the 200 and 50 MA, IMO I think it will break and that's when it will run. The next 2 weeks should be fun to watch. Let me know what you guys think
DKNG 23-04-2021 LongAsset and Time frame -Daily,4H
Entry Price -57.94
Exit(Stop Loss) -53.60
Exit(Take Profit) -71.66
Technical Analysis -This is the second attempt to enter long on DKNG, price has closed ON the 100MA and if it will close above it on the 4H or the daily chart we might get back on the up trend, the candle close on yesturday is a good bullish sign
DKNG Pattern into breakout(RECOVERED)I made a previous post about $DKNG pulling a "bear trap". It pulled under the channel(wedge) and recovered back on top of it.
Looking for it to hit the top channel, maybe even break it especially with how good a deal and how much PR this company releases.
$DKNG seems to be correcting... Expanded or Running?Price action from Nov 2020 (A) seems anything but impulsive.
Conditions for a running or expanded flat have been met @ 123.6% fibonacci level. We are currently testing strong support (also forming a Head and Shoulders pattern).
I don´t believe we will go below 25 for an expanded flat, so I´ll look for bullishness in the 40´s, in a running flat.
DKNG Pattern into breakoutDKNG is catching a lot of attention at these low levels with terrible news. I believe it broke the support creating a "bear trap" and after hitting support snaps back up over the support with continuation tomorrow.
You can also see in the RSI (divergence indicator) that there is bullish divergence into this trap.
DKNG ReversalCalled $DKNG for calls last week for a trend reversal which played out well with the Gap up due to positive news about their deal with the NFL. I am looking at $DKNG again for another reversal from its bearish movement at support. Currently there was rising bearish volume to end the week, so will be paying close attention if $DKNG holds support in the high 57 areas or breaks to the low 57 area like before. If a reversal does happen looking at a swing into next month
Draftkings is the king of bets Hi,
Big MOAT here, closing amazing fundamental deals and good looking chart.
Bets are on the rise!
GL!
overnighter option $DKNGif you believe in continuos uptrend of the market as well as openings and more allowing of sporting events, gambling as well as legalization of gambling + partnerships and news should be push it past any levels
DKNG reversalShould see an uptrend hopefully soon. Lower lows last week on DKNG. Its close to the new trend line. Would love to see it pop!
I love this company and will buy a lot at $ 45 levelsAfter the latest earnings report, I will be bullish for this stock, starting from the 40-45 levels
DKNG Bull Put SpreadDKNG Bull Put Spread
22% ROI, 8 DTE
Higher timeframe ascending trendline
Overall trend is sideways, testing 4h demand and potentially moving up into 1h supply
Aggressive buyers seem to step in on the trendline
Price moving down into higher timeframe demand zone
Last hourly 3 legs down had a potential middle leg with body gap down, could be EW 3 of 3 center
Last rally was a weak top into Apr 6
The top at 61 was a retest of structure exactly at a flip level
Next supply is at 62 at the gap fill, so if I get a rally into it quickly I should buy back the spread
If the rally is slow and takes time, then I will likely expire into Apr 23
54 sold strike is bhind the Mar 8 liquidity search low
DKNG Potential ReversalWatching DKNG for a potential reversal back to the upside off of support. If it happens looking at Calls for next week with TP being 58.5
