Lets discuss whats happening here:
On the 4hr:
(1) DKNG broke out of the ascending triangle and looks like its going to begin trending on an old trend line (the orange dotted line)
(2) Finally reached my first price target of $49.14
On the 15min:
(1) Broke out of the ascending triangle
(2) Resisted my first price target (aka to fill the old gap down)
(3) Retested the 21MA
(4) Gap up, and finally surpassed my price target of $49.14
Next stop: $54.04, this is where I take profit on 30-40% of my shares
On the 4hr:
(1) DKNG broke out of the ascending triangle and looks like its going to begin trending on an old trend line (the orange dotted line)
(2) Finally reached my first price target of $49.14
On the 15min:
(1) Broke out of the ascending triangle
(2) Resisted my first price target (aka to fill the old gap down)
(3) Retested the 21MA
(4) Gap up, and finally surpassed my price target of $49.14
Next stop: $54.04, this is where I take profit on 30-40% of my shares