Avirany

DKNG 02-06-2021 Long

Long
NASDAQ:DKNG   DraftKings Inc
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4
Asset and Time frame -Daily, DKNG
Entry Price -49.51
Exit(Stop Loss) -47.08
Exit(Take Profit) -57.28

Technical Analysis - Price has left the uptrending daily channel after a very long duration, price reacted nicely to the -61.8 Fibonacci level with decent volume at the bottom,usually when the price reaches the -61.8 level with a good bullish candle, it will retrace back to the 0.0 Fibonacci level.
Good luck!
Comment: Stop loss didnt trigger yet since the gap was closed up before the market open, trade is still on.
Trade closed: stop reached

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