New York just legalized sports betting and NASDAQ:DKNG (DraftKings) is already breaking records in the empire state. Confluence: Divergence between RSI and Price action; Entry: Sub $20 is an ideal entry but the price won't stay that low for long Target: All-time highs by end of 2022
DKNG : Some pros and cons to play a potential bounce. --Big Wyckoff distribution on weekly and daily. ++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through) ++ Bullish RSI divergence on daily (that you can't see on my weekly chart) Since I like the set up I will look for an entry today, but only...
Continueing to buy the dip and DCA on DKN at these levels (see prior chart). Good signs on the macro level and oversold across multiple indicators. ** NOT TRADING OR FINANCIAL ADVICE **
Monthly, weekly and daily chart has bullish gidden RSI divergence. DKNG is a beast hidden under dirt.
$DKNG 1D Bounced perfectly off the 78.6% from all-time range. If > $23.5, possible to see 100% upside at the minimum...
Price supported by 23.6% Fibo Good news on allowing users to bet via mobile apps. Support 24 Immediate TP: 35 - 38.2% Fibo
Draftkings Inc (NASDAQ:DKNG) The stock is bouncing after seeing weeks of strong downward movement. While DKNG's short-term trend seems to have reversed, a close above the pivot pocket 28.80 could lead to more relief and confirm the possible bottom. I think we could see more gains next week as the heavy volume of the last two days should attract some more bottom...
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino...
Today we will take a look at DKNG. The first thing to mention is that the price has reached a significant level composed of a support and a cloned trendline of the current descending movement or corrective movement. From here, we can see an inner descending trendline inside the correction (yellow line). That trendline is really important to provide us with...
Current trend and past trends are all leading to a similar point (sometime in Feb), plus we had a nice little drop on earnings which could have put this stock on a really good path up to $100. People love to gamble, and DK is spending a lot of advertising. Will it get there?? I'm not sure, however.. It's not crazy to think DK and Penn start to run again this...
DKNG has still finished carving out a wave b, now forming a double top with a daily engulfing pattern. Probably because of news of new investment from ARK. The Elliott wave is still clear and we're targeting under $27 before resuming the main trend. We could go as low as the $16 area. Also, not pictured on this chart is RSI divergence confirming the 5th wave top....
Sorry Jim Chanos, you're just dead wrong about this one. You might be right about WYNN tho. Go long DKNG. Looking very attractive right here and appears to be forming another V recovery. The prior V recovery brought DKNG to its ATH of $74.38. This could send it to those levels for an initial test and then hopefully an eventual breakthrough. (They usually don't...
Currently, I see Draft Kings Inc( DKNG ), coming off a Head & Shoulder pattern on the 4hour, Daily and Weekly time frame. Before my further analysis, all the information will be accurate with each of these time frames. The Fibonacci levels I have marked have been respected by this chart. DKNG could be coming down into a supply zone within the ranges of...
Looking a great level for DKNG - green rsi/market cipher in the sweet spot/red money flow + positive divergences. ** NOT TRADING OR FINANCIAL ADVICE **
Draft Kings looks to be breaking down under the neckline of a long term head and shoulders pattern. This is extremely bearish and suggests a target in the $15-$20 range based on the height of the head from the neckline. Possible retest of the neckline before the crash. If the neckline resistance holds, look out below. If DKNG can break through the neckline with...
All, Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for...
Clear SHS formation, on a longer track S S H S S is expected. if fibo level holds at 35$ which it hold for the last 3 days, we are good to go to 40-42$ which is 10%-15% uplift