zAngus

DKNG:NASDAQ - DRAFTKINGS INC - Recovery underway?

Long
NASDAQ:DKNG   DraftKings Inc.
Might just be the effects of the broader market, but DKNG looks like it might be thinking about starting to head back up. RSI is in oversold territory but starting to point back up, and bolly has formed a base and starting to turn up.

The overall trend on the SuperTrail is still down though, but given the 22% range it will take a while to confirm and flick to a buy. Couple more days of an upward movement will help confirm direction and recovery. Earnings are close by though which should always be a cautionary signal. Lot of upside to recover. Stock is worth a watch.


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