Get started
SimplyCash

Bullish hammer on the daily chart - potential support?

DraftKings Inc. (NASDAQ:DKNG)  
SimplyCash Updated   
NASDAQ:DKNG   DraftKings Inc.
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
We could see a reversal here - a second bullish candle with a higher higher and lows will support a reversal thesis. On Watch.
Comment:
Long term trend line which was previously support has now become the resistance. This needs some patience.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.