I called this inverse H&S forming in my previous analysis, overall market is bearish so this may not happen but if voume picks up on $DKNG it may just do its own thing and take off my PT is still 55
we broke the bull flag at new highs take profit if u are in and re enter or hold and ride it out
NASDAQ:DKNG Sports betting is continuing to gain traction and acceptance across the United States. With sports actually finding their way back on the field since the long COVID-19 break, you would have to HATE money to not look to get extremely long in this name. From a technical standpoint, it is attempting yet again to breakout of that $26-$41 (two purple...
9-14 thru 9-18 market overview - catalysts, economic calender and news.
It appears as though DKNG is breaking out of a bull flag, very interesting bullish cross on the KST. The first green finger on the KST back in April is what we want to see happen again, not like the red finger icon in July which basically resulted in choppy trading. Higher lows on the RSI and it's looking like a higher high is going to occur in the near...
🏈 DKNG 🏈 Current Price @36.65 Bearish under 36.75 Breaking and holding under @36.25 and we'll pullback to @35's then @32's Bullish over 37 Holding over @37 and I can see a retest @37.70 resistance before getting back into @38.50-39's again.
My buy zone and target for $DKNG (Not financial advice)
DKNG broke out of inverse head and shoulder pattern on 4hr. Recently even in bad quarter corona impacted quarter company generated more than estimated profit. I agree fundamentally it is not apple but entry is based on technical analysis. If works then it offers a great risk to reward ratio. I am not an expert on Elliot wave but I try to incorporate it in a very...
DKNG has had a nice run up the last 3 days completing its wave 5 extension. With RSI over extended its retracement point looks at about $36 at the 61.8 Fib Stop is a close above today's high at $37.5
Bullish Pennant formed out of a correction following a strong uptrend. Target price set at new potential Resistance bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $37.37 Suggested Stop Loss $36.16 Target price $43.61 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This...
... for a 2.10/contract credit. Notes: Earnings announcement volatility contraction play with 30-day at 102.7%. Adjusted my strikes slightly over my "Trade Idea" post. Defined Risk Alternatives: September 18th 20/25/45/50 iron condor, paying 1.20. I'd prefer getting one-third the width out of that, but -- as with LYFT -- pesky width on strike availability in...