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ContraryTrader
Nov 21, 2021 5:49 PM

DraftKings Dip buy🚀 Long

DraftKings Inc.NASDAQ

Description

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Look for the Dip buy around 35$ this week. There was a lot of institutional money invested in that area last fall. I expect buyers to step up around 35$. If it drops below that area that would be a major H&S that could send this stock back to 25$ fibonacci support.
Comments
whatsinanam
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Isn't that a massive H&S ?
ContraryTrader
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@whatsinanam it is! if we below 34$ consider the h&S green light
Motrades
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Agree with you. Have same charts and price targets. Looking for confirmation at $35 otherwise Puts below $35
ContraryTrader
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Let's see what happens.. if 35$ doesn't hold you may get your 19$
vahidtrades
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Look for a buy at $19 if you ask me.
UnknownUnicorn5133055
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The chart for DKNG looks very similar to the chart for Bitcoin (between Nov 2020 and July 2021) Anyone else see similarities or am I just an amateur?
Motrades
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What would be a good conviction entry for calls here ?
ContraryTrader
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@Motrades I'd wait for the closing candle.. if it's a true reversal then there's no rush
Motrades
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Thank you!
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