DKNG is catching a lot of attention at these low levels with terrible news. I believe it broke the support creating a "bear trap" and after hitting support snaps back up over the support with continuation tomorrow. You can also see in the RSI (divergence indicator) that there is bullish divergence into this trap.
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I said support twice.. the second support I meant to say channel. Happy trading let me know your thoughts.
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New to tradingview ideas, not sure why it says short...
What is the "terrible news"? Sorry to post it twice by accident.
MM-trading
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What is the "terrible news"? I don't see it.
KinCobalt
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So sorry to everyone I meant to type “without”. Either way this channel was there but it got retested and busted straight down. Still bullish and holding April 30 calls because I think it’ll bounce right back just as quick. I feel like this is a huge buying zone
lster5068
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@KinCobalt, Yeah that is what I thought you meant . It can drop to the high 40s but it usually bounces of the 50s support. Not worried because It will bounce back sooner than later. Just a matter of time.
neatfreak301
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I have not heard a single bad news about DKNG but the opposite. Where are you getting your info/ Please be more specific as to this "bad news" I am still researching and can't find any. Thank you!