DKNG is presenting an undeniable Head and Shoulders pattern on it's all-time chart, with 1w candles. RSI showing extreme bearish divergence, pulling back significantly since IPO despite bullish price action. Accumulation/Distribution reveals that shares are at the highest accumulation point since DKNG's first day of trade. RSI pulling back off this resistance would coincide with a completion of this Head and Shoulders pattern.
It was interesting that you pointed out the negative divergence. Although, this is not yet a fully formed H&S. Price action will dictate that. DKNG broke out of an inverted H&S on the daily time frame a few weeks ago and made a strong momentum run heading towards the 69-71 target range.
ITMmatty
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@ak97b, You are correct, it is presumptive of me to assume it will follow this pattern. In my opinion a move off of weekly RSI resistance could be congruent with H&S pattern completion!