Quantific-Solutions

DKNG: Looking into the possible scenarios by Dec 2023

Long
NASDAQ:DKNG   DraftKings Inc.
Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone.
Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023.
If price holds above 15.15, the base case scenario includes a rise in price toward 26 and 27.5.

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.