DKNGMID-TERM: Falling Wedge , Classic Bullish Divergence , Bullish Pinbar , Support. (not financial advice)
DKNG trade ideas
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.
$DKNGDraftkings made insane moves during Covid, however it went up so fast. This has been a great short play.
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
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 upside
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?
Lets gooooNo doubts, the targets are for long term, I do believe we are very close to the lowest or maybe we already are.
$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.
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 $22-24
$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 ;)
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....
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.
DYOR
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.
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**
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.
DraftKings (NASDAQ: $DKNG) Breakout Likely Into March Madness!🏀DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily fantasy sports, sports betting, and iGaming opportunities, as well as media and other online consumer products. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. In addition, the company offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated initial non-fungible token drops; and advertising and sponsorship services. It distributes through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. DraftKings Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.
Inverse H&S DkngAs of today I am long DKNG. It looks to be forming an inverse head and shoulders, and is currently completing the second shoulder. If it falls below $17.70 this will likely invalidate the trade and I will cut my losses. Short term PT is $24 - I will make a call then about whether I think it will break through what seems to be extremely strong resistance at those levels. I'm seeing large bullish divergence on multiple indicators on multiple time frames.
Do your own DD.
DONKEY KONG having problems with those flaming (oil) barrelsPerhaps we need Mario to come in. BULLISH on NTDOY -
The Switch is now Nintendo's best-selling home console ever
Feb 3, 2022 — Through the first nine months, its sales are 6 percent lower over last year to $11.52 billion. As for software, Nintendo said it saw the highest ...
DKNG
AVG POSITION: $18.60
DCA Monday on Signs of Consolidation
Take profit at $20
$DKNG, Draftkings at the all time .886Draftkings is currently at the all time .886 retrace and forming a double bottom.
Indicators in the 3d chart also look very bullish imho
Stay safe in this crazy times !
DKNG Under $20 buy round #2Update prices for draftkings after the most recent movement
Trends are showing the possibility of another under $20 buy with some decent upside coming up.
Buy in somewhere between 18.95 and 19.59?
Should be a nice return on such a big drop, but there will definitely be resistance in the climb.
DKNGSimilar setup to SQ kinda. Strong past few days but now into resistance zone. Chop zone between $18-$24 imo.
