DKNG trading plan with my boxes strategy

Hi everyone!

I've been following DKNG price movement for a long time.

Today I will share my analysis with you.

This is a typical growth tech stock with a higher risk profile.
If you are ok to see your asset go up 5% and then lose 7% the next day, then you might consider trading this stock.

Quick intro:

• Price is in the long-term rising channel.
  
• Stock has been trading sideways for quite some time.
  
• Wide price volatility range (40-74).
  

These stock characteristics are suitable for my boxes strategy.

Key current levels:

• Strong demand level at 42, which would be now reachable only with a breach of a trend.
  
• Same with 44,6 level.
  
• Magnet level at 47,5.
  
• Recent bounce at the 50,7 level.
  
• Notable magnet zone at 56.
  

In summary, DKNG is a hugely volatile stock, which creates massive opportunity for shorter-term swing trading.

Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.