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RaftoO
Jan 13, 2021 11:34 PM

DKNG: Ready to go? Long

DraftKings Inc.NASDAQ

Description

Hey guys, sorry for the lack of activity been really busy with work, GMAT studying, and day trading!

So, as a lot of people may (or may not) know, online gambling/sports betting is a hot topic recently, in recent news Michigan and New York have made moves towards it's legalization. Taking into account COVID-19 related implications on governments, sports betting/gambling is a great way for them to raise taxes (revenues).

Nothing noteworthy about the chart, however the coil (or triangle) might have just broken. I'll be keeping an eye on a volume spike that'll push this above $56. If that happens I will play 02/19 75c


I believe the companies that are best positioned are:

FUBO
PENN
DKNG

I'd suggest starting a position in DKNG soon
Comments
mannyjavaid
Thanks for your analysis, fubo has been going upile crazy and people have made so much money any analysis on fubo using fibonacc?
RaftoO
@mannyjavaid, Great idea, I will post that tonight!
RaftoO
@mannyjavaid, posted!
mannyjavaid
@RaftoO, thank you so much
glapo
Any opinion on gnog?
RaftoO
@glapo, never heard of it!
glapo
@RaftoO, golden nugget online gaming. Supposed to be a solid play still just starting off.
RaftoO
@glapo, looking into it tonight
glapo
@RaftoO, cool, looking forward to what you think.
RaftoO
@glapo, I'll do a post for them tomorrow, will do my research first
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