$DKNG | Potential Double Bottom at Key Structure Level Long

DraftKings Inc.NASDAQ

Description

⋅ May 5, 2021 7:26 PM

DKNG formed an (unconfirmed) double bottom at the very important $54 structure level. Watch for a breakout above $58.50 as the initial reversal confirmation.

Wait for a breakout confirmation for longs. Earnings report on Friday BMO

Good luck!

Comment

⋅ May 7, 2021 6:46 PM

New idea:

Trend Analysis Double Top or Bottom

Comments

speedoh

⋅ May 6, 2021 6:26 PM

This company is a floating log in the kiddie pool. Not going anywhere

Profit_Center

⋅ May 6, 2021 2:59 PM

Looks like April price action. Hopefully we see the same jump back to $60 after earnings.