After a gap down, the breadth of NASDAQ:DKNG might have changed. There was a broad trend channel forming since Sep 11 which might be broken with a low close today. If DKNG closes below 52.88, it will likely retrace to 49.68. If its channel holds DKNG could fill the gap formed on the 7th and continue in its sharp channel upward.
failed to break resistance making its way back down, we could see a movement down to 48$, theres a gap at 50-51 as well! PUTS will PRINT
Just writing a blog about secondary offerings and wanted to illustrate what often happens when they are announced.
I posted this chart with the bull flag a week ago, we broke out hit my take profit zone around 65 and making our way back down. Could see a move down to 46.20 (.618) and then you could start scaling in for calls i would set stop loss at 43.60. If we break below 43.60 overall move would be back down to $36 support zone. Im seeing a potential head and shoulder so my...
broke out the bear flag and back at my .618 could be reversal here or we could see more blood
DKNG how much more can we dip before we start to go up!
DKNG Daily timeframe... Could we see a pull back this week due to the recent covid cases being confirmed in the NFL or could we continue this rally. I can see a rising wedge here and waiting for the breakout down to my support zone at $55.
DKNG broke out of this ascending triangle pre market so we will be up massive at market open! GOOD NEWS is coming out for DKNG everyday that beats out that COVID news with the Titans and Steelers situation. PT 67 by the EOD! Looks like we will wont be filling those gaps down anytime soon!
chart pattern speaks for its self waiting for that next leg up
DKNG 15 MIN DKNG forming a head and shoulders looking to bleed more! News came out that several NFL players have already tested positive but I don't see it stopping DKNG that much or NFL in general, but I'm still waiting for DKNG to pull back to 51 (.618 retrace on the daily) to start scaling in for some monthly swings. Keep in mind we have a gap down at 53 and...
DKNG at new Highs could we surge more or see a pull back tomorrow I am still waiting for that Pull back closer to 46.24
DKNG broke out of Daily Bull Flag, creating another bull flag on the 15 min could we see more movement up?
DKNG 15 min chart... covered the daily chart on Friday. DKNG is in this bull flag! I am scalping Puts down to that .618 fib retracement at $46.13 and scaling in to Call Contracts for multi week swing, to be safe will get 2 week out exp. We have a gap down at 51.03 so I'm expecting some red early this week and we pick up some momentum to go up. Analyst have upgrade...
DKNG Daily Chart ....DKNG sitting in the middle of my channel, forming a bull flag and looking to see it bounce off $46.28 (.618 fib retrace ) and break out the bull flag up to $60 within these next few weeks. With sports entertainment starting up or for some, still going on strong, DKNG has potential to keep running up. Keep in mind any shut down of sports or...
I see possible bearish crab forming. Let's see what happens. NASDAQ:DKNG
DKNG followed my fib retracement zone, could bounce here and go up or bleed more. Leaning towards DKNG dropping more. If we drop below 49.30 i can see a move down to 46