DKNG looks like the daily low is set and now we continue to the upside although if we cant break resistance this can be a huge bull trap, overall depending if we ever do get a lock down than ill reconsider this count. Then again march madness is approaching with the super bowl personally i am not playing this but chart does looks good!
DKNG if it can hold above 52.50 I'm looking at 57 short term and an overall move to retest to ATH. Last time we were at 63.91 we took a big hit due to pandemic pressure. Couple catalyst to keep this pushing, Super Bowl, NBA, March Madness, on top of states pushing to allow mobile betting. Wouldn't hurt to add here for a long term hold on option contracts that exp...
Safe trading everyone
If Dkng can hold above 47 Im seeing a retest of 50, under 47 I'm seeing a bounce around 44.70 for an EW 1-2 setup. Under 44 its going down to my major wave 2 target at 42. Keep in mind we can see some blood today with the GA Senate runoff (market uncertainty). So scale in on these dips! So much to look forward to this month expecting a minor sell off with 2021...
DKNG still has more room to bleed under 45.81 I'm seeing 42, which would be an ideal entry to scale in long term positions! In an abcde correction so watch for a break out of the falling wedge to retest 49, clean break and hold above 49 i see an overall move back to 53
DKNG Possible Long Setup Lockup period drops. Short sellers at roughly 7% Still up 150% since ipo merger Do your own DD Entry Buyzone= 43 - 40 Cost Average Down Zone = 32 - 35 1st Sell target = .618fib @53 2nd Sell target = .786fib@57.92 3rd target = ATH HODL targey = 1.618fib @82.29 ______________________________________________________ This content is for...
Originally I expected DKNG to hit and pass 50$ in a bullish sweep. That was the case but much quicker than I anticipated, and its pullback in the trading days after would turn 3,000+ to a fully closed out profit of 1,300. It never hurt anybody to take profits and I had closed out a fraction the day before it dropped so I guess thats the plus here. But where do we...
DKNG is currently correcting. Yes, there is a lot to look at here, but just watch the Elliott Wave count and the trendlines. It broke a 2 month uptrend line yesterday, retested, and came back again. It has finished the overall upward Wave 1 move (made of 5 waves), and is now correcting down to one of the 4 green support fibs I've drawn. The 4 supports drawn are...
R1 and R2 take a key position for which trend will be landing to.
Dkng invere h&s watching for reversal here, over 52 we could see some bullish movement this week. safe play: 55 C (1/8 or 1/15) good liquidity on both contracts lotto/ day trade option: 55C 12/31 .58 or 60C 12/31 .10 (both contracts have great liquidity)
DKNG lost some steam on Friday with sports betting being restricted in Ohio, However stimulus news was passed through Congress and the NBA is starting up Tuesday. Clean break over 55.40 and hold I can see a move to 61 this week. If you missed that rally I would look for an entry closer to that trend line near 52. My Plan: 55C 12/31, 60C 12/31 (cheaper) Lotto:...
Video breakdown prepowerhour 12/21
DKNG to 55 fomo will kick in and i can see 61 next week, if you got in my calls i mentioned should be up 300-400% on the 55c lottos and 90% on 12/24 contracts, congratz dkng fam
On the way to $60, need to break $53.52 level
DKNG has been consolidating for about 2 weeks now, gave it a shot last week but with market sentiment being very uncertain now we have some certainty restored. Vaccines have been approved which is great for sports so we should see DKNG get a nice boost. Now we just need positive stimulus news and market will pump. resistance: 50.91, 52, 53.71, 54.83 support:...