TradingView
nagabrahmam
Jun 19, 2023 2:52 AM

DKNG Bearish to 50MA Short

DraftKings Inc.NASDAQ

Description

NASDAQ:DKNG has been sideways last few weeks. Now its showing weakness.

On daily its an outside bar downside. A bit of stochastics divergence and 20MA starting to turn down. On weekly its a 2D and far from 20 and 50 MAs.

Plan is to enter at low of Friday's candle ($24.39) and take profits at least at $23.
Comments
nagabrahmam
Update: DKNG shot up, at this point I am heading for my full loss. Sticking to the plan!
nagabrahmam
As planned took the trade. Trade is currently not profitable, but sticking with it.
More