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reubenroyal
Jul 19, 2021 2:27 PM

$DKNG Long Opportunity Long

DraftKings Inc.NASDAQ

Description

DKN could find some buy support here at the demand zone where we could see a pretty good risk to reward opportunity on the long side

Trade closed: target reached

Comments
zAngus
Good early call. Well done. Thanks for contributing to the community.
reubenroyal
@Angusmck, Thank you!
aniHotmail
I see inverse cup and handle, and inverse head and shoulders with neckline around 44,
and with RSI going in the opposite direction than price since a long time, it seems that the long term downtrend is coming!
What are your thoughts on this?
reubenroyal
@aniHotmail, It is definitely possible, but probably too early to judge that seeing that football season is around the corner and they may see a lot of money coming in soon which will probably cause price to rise in the near-term.
aniHotmail
@reubenroyal, That's true, I wasn't watching that!
Good catch
Thanks @reubenroyal
Mihai_Iacob
Nice and clear
reubenroyal
@OptimoomFX, Thank you
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