DKNG consolidation on 15m chart shoot through $43.50 resistanceDKNG consolidation on 15m chart shoot through $43.57 resistance.
DKNG trade ideas
I believe in DKNG now. ...do you?(play 1)
Good earnings = price goes up.
Buy in right after major resistance broken.
First target $52.00
Second target $64.00
Final target $break all time high
(Play 2)
Earnings not good as expected = price retracement.
Wait for retracement, confirm rebounce with retest.
trend will be less bullish than play 1, buy you'll still reach the ATH before 2021.
First target $52,00
Second target $64,00
Final Target $break all time high
LONG DKNGNEXT PT are as following 43.80 51.75 64.51
Broke out of 38.45 Res. line and tested nicely! With Money Flow coming in and Accm. is happening while RSI is super low
Next TGT is 43.13 Rising LT Support line that turned Res.
Lets take it back as im sure the Masters + New Election of 3 news states trying to approve + NBA coming back before the new year = More earnings for the 4th QTR 2020.
Really would love to explain more about FIB and the retracement that has happened but im sure ya'll caught up to speed.
Bullish. wait for retest of that trendlineThis is a very nice opportunity I would wait for a retest on the trendline. Q3 report is supposed Way better than expected which could add significant fuel to the rally, target $70.
Good luck. NEVER TRADE WITHOUT STOP LOSS.
We should see excellent earnings from #DraftKings Friday.#RKT also a great long going in to next week.
DKING MAKING MOVESIf this breaks $45 and holds, this would be a good entry for a continuation to test new highs, since its so close to this resistance, If it breaks and holds then Ill be putting some calls in.
DKNG - inside daily candle - 11/6/2020set alerts on monday for the break on today's high/low to the target in that direction
#DKNG $DKNG
DKNG beginning bullish count, target 40 for retracementStill looking to develop a 1-2 wave, that would make it more appealing to get in and begin move to the upside. Copyright Rohan Karunaratne 2020
dkng retesting the prime trendlineif it can reclaim that trendline and the purple .382, that would be huge for dkng
DKNG real March MadnessDaily DKNG looks like an amazing long term buy. jump in some leaps. 110 by March 2021!
DKNG bullish tradeThis is my long DKNG trade (which I entered)
I'm taking advantage of the big dip last week, I should have probably bought the stock yesterday but wanted to be on the safe side and watch the market and how the election rolled out. Earnings are coming up on the 13th & sports betting is once again gaining traction. with only 47% of float held by institutions I believe there's plenty of room for them to start loading up again. My short term projection (for the end of the month) is $58, although I believe this can maybe go above if everyone starts herding into it again.
Why I like DKNG:
- 0 debt on the balance sheet
- Revenue growth rate YoY 42%
- Capex growth 22%
- Sector: outperform (my opinion) Projected to have 42 states legalize sports betting by 2025
Sports are coming back throughout 2021 and I believe the market will price this in sooner rather than later. In addition, I believe the NBA will soon start licensing their data for betting purposes, although they already have began doing so.
DKNG:NASDAQ - DRAFTKINGS INC - Recovery underway?Might just be the effects of the broader market, but NASDAQ:DKNG looks like it might be thinking about starting to head back up. RSI is in oversold territory but starting to point back up, and bolly has formed a base and starting to turn up.
The overall trend on the SuperTrail is still down though, but given the 22% range it will take a while to confirm and flick to a buy. Couple more days of an upward movement will help confirm direction and recovery. Earnings are close by though which should always be a cautionary signal. Lot of upside to recover. Stock is worth a watch.
$DKNG Draftkings Reversal trade
Potential reversal trade set up.
Stock has found some support as insider selling subsides.
Crossed above the Point of Control yesterday.
Bullish Divergence on Indicators.
Buyside volume increasing
1st target $40.50 to 100ma
2nd target $41.79 Fibonacci resistance
3rd target $44.79 to major pivot point
DKNG - Make or BreakWe have a completed correction on intermediate degree. We have a leading diagonal up and a deep ABC down. We just need to break above the red trend line for a confirmation.
Tremendous upside.
DKNG LongThis stock has had a lot of good news come out over the last two weeks. The MACD has been losing bearish momentum over the last 9 days. 35.15 has acted as a pivotal level many times before, and the last 3 times price has tested this support level the stock bounced to 40/41.
The 200 EMA is less than $1 away at 34.76. Betting that support holds and the election acts as a catalyst to push price to 41.
Also a falling Wedge pattern. AKA triangle breakout play.
Broke UpTrend but OversoldI wanted to go long on this at 40! Sheesh.
Bullish channel is very much broken.
Needs to bounce here at 35.40 or next targets are 31.41, 29.02 and 19.30
