Draftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.