H & S noticed, we might see $65 (the upward trendline) on PENN in couple weeks if the whole market keeps its current selling momentum. Longing at $65 could be a good idea assuming PENN can keep its upward trendline. I personally believe the college football season or any related sport seasons are already priced in couple weeks ago.
On track from last week's post. Anticipating we see a buy entry opportunity in mid-October. Waiting for this wave 4 pullback to finish and show signs of a complete reversal. Still keeping this on my watchlist and will continue to track!
Last time I posted about DKNG, I said we would come up to hit the 161.8% extension and we hit that nearly perfectly last week. Looking for wave 4 pullback/consolidation to take place before pushing for a fifth wave higher. Pennant and path shown is just a guess-timate, please take it with a grain of salt. Let's see if this plays out!
Seeing a Head and Shoulder Forming on 1Day Chart. DKNG is testing the neckline and if it fails here, it would end up selling off back to $50s. However, if DKNG could break the neckline around $64-$65, this would be a breakout of head and shoulders and could be pushing the All Time Highs. Set an alert at $65 and keep monitoring the price action. Market sentiment is...
DKNG has a lot of price action on the bottom half of this channel.
Use 30 min time frame for entry and exit.
Based on this, short term analysis, DKNG is at an uncomfortable level and will retrace down to bottom, at it's comfort zone.
Confirmation: stoch crossing below 80, and bearish candle.
EXTRA confirmation - Volume below 20 MA. As long as volume...
Looking to buy any significant dip on DKNG as long as the $56 level holds. This is a KEY pivot level. A couple different ways to count this chart, a bit more complex so will be patient and wait for my pullback. Regardless, looking for target around $64-65 as long as $56 holds.
I'm remaining bullish here for as long as the 13-day MA keeps climbing above the 21-day. Solid structure forming with a clear break from its previous neckline/resistance.
"According to an article in the European Business Review, domestic sports betting revenue in the U.S. is projected to be valued at $7 billion by 2025… and it continued saying that, according...
simple stuff, I'm sure you've all seen an ascending triangle before. Resistance is not super rigid and a slight downward slope, but support is super rigid. Price target is 65.54 by around September 20. Anyways, if you have any criticisms let me know, i am relatively new to posting. Have a great day guys!
this is my first analysis ever so gimme tips. Anyways theres a ascending tiangle that should be bullish and should breakout around september 3rd, but more thoughts on the actual chart. Once again i dont have much experience so take this with a grain of salt.
Amazing setup for the week showing lots of strength. Ideally really want a dip early in the week for an opportunity to get in at a lower price. However, that may not happen. Looking for the $64-65 region to the upside before a larger pullback occurs which will also be buyable.
DKNG shows a clear impulse structure. As expected, the sub wave (3) has reached its target. Now it might slowly begin to correct. It is important that the market remains with a possible correction above 51.27.
The running wave 3 can extend even more.
are possible targets for this wave.
Overall, I see dkng as very bullish and expect prices...
On the weekly chart it seems a possible head & shoulders pattern is forming if we cannot break above 63 with increased bull volume to test all time highs.
Although price is holding above the 10/20/50 moving average nicely on the weekly with a nice spike in bull volume which could give it some momentum to test resistance at 63 and possibly breakout.
If we test...
$DKNG New Target 63.64
Literally, nothing has changed… good luck on your draft picks… haha
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from...
If anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK,...
Hello fellow traders .. I hope you all enjoying this bull run ..
Back with. DKNG flag and pole again ..
Self explanatory .. good 40% upside target
Stop loss at the flag resistence line .. small position size ..