Looking at the DKNG DraftKings options chain ahead of earnings , I would buy the $17.5 strike price Calls with
2023-6-16 expiration date for about
$2.04 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer expiration date will give me some room in case I'm wrong.
Looking forward to read your opinion...
Still waiting on DXY to hit 98.3-100 to consider being bearish from a technical perspective.
0:00 BTCUSD
1:06 Quick look at DXY
2:10 BTCUSD
3:14 DXY
6:15 NASDAQ
8:05 USDWTI
9:45 DXY and VIX
12:30 APPL
13:50 HSI
15:10 GOLD
18:25 MARA
19:15 DKNG, GME & PYPL
There looks to be another leg lower coming for $DKNG (which to me would be the capitulation leg).
I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel.
After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops.
Good luck.
I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment.
LONG TERM:
This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an...
EBET has been holding nicely in this range. Overdue for a bounce with a 11 million free float. This one will skyrocket once the volume is here.
I think is due for a bounce.
Happy Trading,
Ono.
This just my basic MONTHLY charting.
I have marked what I see as the POSSIBLE bottom (support).
I see overall DOWNTREND with a possible reversal.
I have marked my potential BUY LEVEL for LONG/CALLS.
Looking through some charts and noticed a bull flag forming in DKNG. Provided the overall market doesn't implode over the next couple days, I'm thinking it fights its way back up into the 16s not expecting it to break out of the flag formation but definitely possible/likely to test the top of the channel imo. Nice volume gap from here all the way up to the 16s...
Company : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs.
This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large...
FUBO with a weekly crab harmonic PRZ around 3$ level
first trade at $3.80 C leg a smidge higher than ideal but fits the bill of a Harmonic Crab barring that,
Long @$3.80
T1 @ $15.03
T2 @ $22.74
SL (moved to entry following move up) @$3.80
Every time the upper AND lower bands in orange of the Bollinger pass within the Keltner Channel, there is a significant move. The direction is always unknown, but it's an excellent indicator of when a stock is coiled for a big move.
The last few upper and lower band breaches resulted in big downwards moves. This most recent cross of both bands of the Bollinger...
DKNG - Draftkings, perfect harmonic deep crab setup with the 161% PRZ being respected and a nice bullish engulfing on the weekly to trigger entry. long with T1 @ 34.50 T2 @ 49.95 SL 9.65 RR @ T1 = 2 : 1, RR @ T2 = 3.88, SL moved to break even at T1 and half profits to be booked. weekly setup so patience required as setup will take a while to play out.
A new bullish impulse is coming for DraftKings after Monday's breakout of the local resistance level.
More than 50% profit potential and a price target of $24-$25. It seems like a hot deal with an excellent risk-reward ratio
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Excellent day. Made 100%+ on almost all the trades from yesterdays plan.
Market is getting frothy here. Took my profits into strength and just have runners now.
Looks like we located a potential market anomaly on the daily timeframe . Price is in a range and could breakout. However, this also looks like an "abc" corrective or potential impulsive wave. The anomaly was located near the wave B extension where wave A originally started ( bearish candle, bullish volume ). If price passes the start of wave A before the bearish...
DKNG is one of those cult stocks where a lot of eyes were on this name during last year. Now it feels like most people abandoned this name and already gave up on it. So real good for a breakout chance. PENN already broke out today. DKNG can follow it.
Above 14 can see 14.64, 15.54, 17.20
Jul 20 15C can work
Lets see if the double bottom holds. This stock has been hit so hard the snap back will be hype fast. Really everything is set, its all up to JASOn now.
