If DKNG can break and hold 40 level, it can continue its momentum to the upside.
Entry- 40
Stop loss- 32
There is a gap below, if it pulls back to fill the gap around 35, will add more.
Target #1 53
Target #2 60
If you use DraftKings, you might want to add DraftKings to your watchlist. DraftKings has been pushing up for several months. Price is less than 100% away from all-time highs. Those who buy and hold or use LEAPS options know what that could mean in a portfolio. This is an 'All Ships Rise with the Tide' technical analysis. Anyone else looking at DraftKings?
DraftKings ( NASDAQ:DKNG ), the Boston-based sports betting and iGaming company, is making waves in the market once again, showing remarkable resilience in the face of mixed fourth-quarter results and a groundbreaking $750 million acquisition of Jackpocket, a leading lottery app in the U.S.
Despite the initial market reaction, which saw NASDAQ:DKNG stock...
Overview
DraftKings ( NASDAQ:DKNG ), the renowned sports betting company, recently unveiled its fourth-quarter results, showcasing a commendable 44% growth in revenue despite facing challenges from NFL outcomes that fell short of expectations. While the figures slightly missed Wall Street estimates, the company's CEO, Jason Robins, remains optimistic about...
DKNG DraftKings is one to watch going into earnings and the big Super Boawl weekend. There is a lot of space between the current price and all-time highs for the patient investor. Consider LEAP options as well to accelerate growth with risk management. Keep an eye on DKNG.
Primary Chart : DraftKings Inc. Weekly Price Chart with Fibonacci Levels and Downward Trendline from All-Time Highs
DraftKings Inc., an innovative sports-betting company, has been one of the hottest stocks of this week after it beat earnings expectations and raised revenue guidance. Many are likely chasing the stock's price here without any discipline...
With another year of increased Revenues DraftKings is poised to see higher gains. " In August, DraftKings took the U.S. online gambling lead, according to a new study by prominent research entity Eilers & Krejcik Gaming, capturing 31% of overall gross gaming revenue compared to FanDuel’s 30%. " - frontofficesports.com
In a bold move that merges the worlds of sports betting, advertising, and consumer engagement, DraftKings ( NASDAQ:DKNG ) and Tums have joined forces to roll out an inventive free-to-play game, "Tums Prop Bites," just in time for Super Bowl LVIII. This collaborative effort not only reflects the evolving landscape of sports betting but also underlines the creative...
Hello Traders,
As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist:
www.tradingview.com
This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed:
Selection of Stocks in...
One of the strongest names of this year. All signs point to a future multibagger.
Overbought on daily IMO, needs to cool down and test 5D EMA for next leg to 40.
No position yet.
If you haven`t bought the dip on DKNG here:
Then analyzing the options chain and the chart patterns of DKNG DraftKings prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.93.
If these options prove to be profitable prior to the earnings release, I...
DKNG usually hot stock for the NFL season but considering the inflation and the economy we are in right now, my assumption would be not many betting.
If the Trend Line breaks, Target #1 - 25; Target #2 - 20
Here is a simple trend-line break but put into price action terminology this is a break below bullish gap- lows with a intraday retracement to potential Lower Highs (PLH). Can expect a move back down following momentum back to previous Higher Lows (HL) and further
Here is a bull flag on the 1H timeframe and if you look closely there is also somewhat of an inverse head and shoulders forming signaling equilibrium between buyers and sellers. Expect imbalance next to either direction but according to the trend there is a higher change of a push to the upside once imbalance is created.
Here is a 4h Inside bar on DKNG with a Macro trend line to support bullish bias. Be warned this trade can break below the inside bar and trigger a sell of creating another leg down. Watch for micro pull backs(5m-10m) after green level is broken for entry opportunities.
CAUTION: This trade CAN takeoff at open giving no pull back entry opportunity so do NOT let...
Ugly H&S within an uptrend above weekly candle pattern breakout. Will be a nice swing opportunity and for paper handers, can be a 2 day hold for 100%+, trim at or near highs and leave runners after.
I have been watching this stock for a while and they just had great earnings.
PENN announcement has spooked people but the fundamentals of the stock, price targets all say another thing.
I see a quick return to $30+ following the support line for buying opportunities.
Expectation: $36.00-$36.50 short term
