DraftKings is trading at the $21.20 - .30 level! This is the resistance zone that held the stock since March 2022. In order to break through this line, we will need much more movement much more optimistic economic news! Which I don't really see at this point. Reasons to short:
- Currently, at the resistance zone, every time it touches this line moves down hard. I am not seeing it will move
5
or more, right now I am seeing the
20
-
19
range to find support.
- At the 4H chart, you will see that DKNG is trading at an overbought level (RSI 74), DKNG is the kind of stock that really respects the overbought and oversold range.
Given 2 major resistance and overbought for DKNG expect to short.
- Currently, at the resistance zone, every time it touches this line moves down hard. I am not seeing it will move
5
or more, right now I am seeing the
20
-
19
range to find support. - At the 4H chart, you will see that DKNG is trading at an overbought level (RSI 74), DKNG is the kind of stock that really respects the overbought and oversold range.
Given 2 major resistance and overbought for DKNG expect to short.