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DKNG trade ideas

$DKNG Rocky Mountains Ahead?Rocky Mountains is not a real thing, but it was the first term to come to mind when looking at this pattern. If this plays out, it would take weeks to months before anything comes of it. Simply charting this to reflect back on in the future to see what this pattern reveals. I'm simply playing hidden bullish divergence here, especially considering the fed with today's semi-hawkish tone out in Jackson Hole. Choppiness with potential to trade highs and lows. High Volatility = High Premium = High Risk = High Potential Wins = High Potential Losses.
NASDAQ:DKNG
by tmackk7121
DKNG - potential entry above 26.90DKNG has corrected back to a possible near term resistence-turned-support @ 26.50 - 26.80. Currently the bullish divergence between it's price and RSI is still intact (will be negated if price dips below its last pivot of 24.95). I would consider to test a long entry for DKNS if it starts to go above the last candle high of 26.89 with an initial SL just slightly below its last pivot low of 24.95. As swing trader, I will be trailing my stops on the way up should the trade works out. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:DKNGLong
by Juliac
1
$DKNG - Is the pullback done?NASDAQ:DKNG DraftKings could see a trendline check-back within an uptrend channel. It is currently sitting on the 50-day moving average and a Fibonacci support level. If the trend line fails to hold and the price falls below $25.60, we could see a further pullback. The $25.60 area should provide good support. Watch these price levels for potential support and reversal: - $25.60 to $26 - $23 - $21.71 (gap close) I will update the chart when there is a potential reversal.
NASDAQ:DKNG
by PaperBozz
DraftKings to go lower?DKNG met a long monthly down trend after a 250% rally from its lows and closed with what looks like a reversal pattern on the daily chart. Weekly THV is flat and Red as pricing continued to climb into the trend creating bearish divergence. Does Draft kings head back to $20 to meet the weekly coral or will it break out and head to $40? Time will tell. I'm personally shorting this. I explain why in the video. Covering both technical and social confluence and what I look for.
NASDAQ:DKNGShort
by allout06
3
$DKNG - Beat earnings, good forecast, boom to the moonClassic text book C&H (cup and handle) formation... in this case we have classic Yin Yang Wave formation. Now its important to pay attention to the larger broader markets of SPY/SPX/QQQ as far as timing goes. There should be some opportunities the next couple weeks to secure a nice position here before this ship really takes off. All time high targets easily reached by December. Long calls $35.00 Strike expiration date January 2024 right now are $3.13 = 200-300% low risk gains.
NASDAQ:DKNGLong
by GoldenCrowley
1