looks like this might go a little lower before a reversal.
Clear 15%+ correction from the neck link of the H&S pattern, we're now entering a buy opportunity. Volume gaps = Volume support. 38.5 is the next level of support, I bet we see a little lower ~38.35 before a major reversal back to the high 40s, maybe low 50s.
TA is clear as day, massive meme lines of support, nice volume support below. We’re bouncing and running.
I believe the next move up is ready. The entire gambling sector has been getting killed, LVS, PENN, GNOG, RSI. It’s time for some rebalancing back into gambling-growth. Look at the 5 months of consolidation on BETZ. Fake bearish pennant, volume declining with an increasing price, and a breakout of upper resistance. We touched a massive volume support sub $48, and...
Based off the Fibonacci lines and volume, it looks like we could dip to about 48.5 before the next rip up.
Broke the 42.5 support. Rug pull to 35.5 incoming. See ya there.
My conclusion on DKNG. I think this stock is cheap as fuck right now. Honestly, we got PT up the ass with highs to $130, yesterday DKNG said they're not dumping any shares until $132. We have massive legislation updates for OHIO, Texas, Cali, NYC, Florida coming. The NYC auction due July 31st. Cathie Wood is pumping this shit too the moon. Fuck the charts, fuck...
What's next for DKNG? Part 2 This chart brings some more optimism to DKNG. At the end of the day friday, we had massive buyers at the 48 and 48.50 level. If you look at the chart, the 50day SMA is providing us a support line at 48.50. This is crucial to be held. I believe if we can't find the support at 48.50, we could see a continuation of this faggy bear run...
What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now. As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as...
Update for previous chart
Spy to returning to 395. Return to mean pending.
As you can see, Chop indicator is showing a reversal. Any day now. History repeats itself, gravity. 395 loading...
RSI/6day SMA crossed over into oversold territory on April 9th. If history repeats itself, there’s a 1-7 TRADING day window for correction to mean. I’m assuming this could run a little late, but my expectation is too see a dip some time next week. I wouldn’t be surprised to see this fomo up a bit more prior to any sort of dump. Based on volume, I think we see...
See a correction pending before 420 on 4/20
Based off volume profile, it looks as if DG might be bouncing back pretty soon. After this ER dump, I expect it slowly sell off to around the 165-150 range, where i’ll be buying. Entered a couple of DG august contracts today, and looking to buy more at anything below 160.
Based on volume profile, it looks like DG has some more opportunity to run down. I expect it to briefly touch that support line dated back to 2017. Im looking to buy anything below 265, and will enter a massive position upon touching 255. I entered some late dated contracts for August today.