DRAFTKINGS - Trends & Price targetsHere's my chart for draftkings, when I go in closer, I see potential downside in the next few days, but there is a lot of potential upside in this stock in the long term with support coming from the bigger charts. by nicktussing77Updated 3
Is this a PIVOT point for DKNG?$DraftKings(DKNG.US)$ This has been a tough market to say the least, However, I see a very very small ray of light for DKNG. Earnings and charts is all set for a big move. DKNG closed the week with an inverted hammer. If next week we close positive for DKNG than we might be setting a pivot point. by TrendTraderXUpdated 1
Is long term downtrend coming for DraftKings?We can see the RSI trend (downward) moving in the opposite direction than the price trend (upward) since a long time. And then the chart reflects two bearish patterns - Inverted cup and Handle, and an Inverted Head and Shoulders with neckline around 43! Is this the indication of upcoming long term downtrend? Let me know your thoughts! Thanks! Note: I'm just getting started and haven't finished a year trading stocks. This is not an financial advice, just sharing my thoughts to get public opinions for education.Shortby aniHotmailUpdated 111
DKNGTrying a small put position here as well for same reasons as ARKK except this one is breaking down out of a rising wedge.Shortby Essendy441
DKNG - Only when it crawls up to the CLThat's a peace of a drag. I only consider a buy when it crawls up above the CL. In no other circumstances I would buy it. So, another Stock for the LT watchlist. #watchlist #dkngby Tr8dingN3rd221
DKNG 1/26/2022DKNG Daily Chart Analysis In existing downtrend Price was previously in descending triangle and broke down. Has pulled back to previous support looking to turn it into resistance. Entering trade short Entry: 22.42 Stop Loss: 24.83(-10.55%) Target: 12.00 or trail 20 ema Risk to reward Ratio: 4.41 Shortby rudchartsUpdated 2
DraftKings Distribution. RIP Cathie Wood.How does an esteemed invested such as Cathie Wood not see the clear distribution of this chart? In her ARKF fund she has over $205 million dollars invested in this company, and another $205 million in her ARKK fund. Ouch Cathie. Ouch.Shortby BlessedV3nom221
Earnings watch 5/6Earnings watch 5/6: DKNG NRG CI VST SR MGI RUTH BBU DISH UAA Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comby Options360662
DKNGMID-TERM: Falling Wedge , Classic Bullish Divergence , Bullish Pinbar , Support. (not financial advice) Longby Champion-Vibe222
Tell me I'm wrong!!!Sorry for the crowded chart but I have watch this move develop for a long time. DKNG has a textbook chart. I think it will go below $10 after the earning report (this will wash out the remaining weak hands) and recover from there. DKNG has hit max max pain already. Longby TrendTraderX331
$DKNGDraftkings made insane moves during Covid, however it went up so fast. This has been a great short play. Shortby StockTradingTips110
DNKG 3/30/2022DKNG Price in an existing downtrend It is moving within a price channel Currently, price finds itself at the resistance level of price channel Price also finds itself at dynamic resistance area @ 50ema Today’s candlestick closed as a shooting star. This is my cue to enter trade. Entering trade short Entry: 20.20 Stop loss: 23.07 Target: 14.52, +28.12%, 1.98 RR ratio Shortby rudchartsUpdated 663
DKNG DraftKings runs into major support @13.30DraftKings is getting wrecked again and now tumbling towards that one major support at 13.30 Look left what happened when we broke that support once If we hold that for real though, maybe one could roll the dice on DNKG to the upsideby 10xTrading112
DraftKings - DKNG - Is $15 the Bottom?All eyes on DKNG to break the downtrend. Is $15 to bottom for DKNG or will it go lower? Or is this an easy 25% play?by PortfolioBuildersClub1
Lets gooooNo doubts, the targets are for long term, I do believe we are very close to the lowest or maybe we already are. Longby carrillo.jorge93110
$DKNG Not a big gamble hereKeep it simple. High volume since the end of January. Divergences on every indicator (RSI, OBV, MACD). Resting on quality support near IPO levels. IF and ONLY IF the overall market decides to go lower, 14.50 will be the absolute low. PLAN: Half position here and DCA to 14.50 if it arrives. 27.5 target by June.Longby Matewan3291338
Draftkings back in $20s soonYou can't argue with this chart, do you see my inverse H&S smiley faces? Do you think they'd lie to you? Did I just have too much coffee and probably bought too much DKNG to be considered an entry position? Do your own DD, but DKNG is due to pop. Have a good weekend. If this drops below $16 I'm getting out, otherwise I won't be selling until $22-24Longby stonkasaurusrex225
$DKNG DraftKings looks interesting here !DraftKings finds itself at the all time .886 retracement at the moment. The daily RSI keeps showing some kind of bullish divergence. One could accumulate some positions in DraftKings here for the long term play. Set your 2030 Me up for some nice gains ;)Longby 10xTrading2
Slowly but surely will climb 10-20% in next 2 weeksRising wedge as long as support on lower part of wedge holds.....play the interday movements within the range. Minimal risk of massive down side...besides yolo....Longby DarkAce330
Draftking Swing SetupDraftkings has been in a downtrend for some time and finally looks to have broken the trend and showing signs of reversal. The price has broken out of the falling wedge and looks to be retesting the above trend line. Price is currently at the 50 sma resistance and seems to piercing the 50sma. Will need to hold this level for more bullish momentum. Volume looking good and signs of rsi divergence also look good. Pt are: 25, 33, 38. Use tight stop loss as this is risky given the sector of the company. i sugges 17.50 or 15 for more aggresive traders. DYORby AngD1899227
DKNG Inverse head and shouldersIt's almost ironic that a head and shoulders before the crash might end with an inverse head and shoulders pattern that's currently forming. There's bullish divergence, with decreasing price and rising RSI. I'm watching to see if the right shoulder forms.Longby Gooseisland1
LONG ON $DKNGAfter being butchered from its all-time high at 72.90$ to 15.11$ on March 14, 2022, Finally, $DKNG price recovered to 19.62$ on March 18, 2022 the volume also increasing, the demand is getting bigger I personally expect $DKNG to bounce back from this level but confirmation is needed for entry. Preferably, entry with a small position first to avoid the fake breakout this kind of trade is suitable for traders who are like buying at the bottom. However, it's quite a higher-risk trade because the stock is in the downtrend **Not financial advice** Longby aryoTraderX5
Draft Kings has completed its Head and shoulders Draft Kings has completed its Head and shoulders after breaking the neck line at the start of November. A sensible price target would be the the point at which the neck broke - this also correlates with the golden pocket region. I do think that DKNG might have another 10% or so to fall, as the strength trading system ( as taught by enTHUZed ) would require us to form a tertiary low where the RSI kisses the 32% mark, ( at the moment its at 34% )... so not far to go now. Longby Jimmy205Updated 112