ON LOWER TIME FRAME.....DOWNWARD WEDGE TOUCHED FIRST FIB TARGET SHOWING BULLISH DIVERGENCE ON ONE OSCILLATOR.
SO FLAG THEORY DEBUNKED IN SELLOFF. FIB LEVEL RETRACE IN PLAY NOW? 23.58-31.66 POSSIBLE RANGE FOR PULL BACK.
Ok. ...been a long time since i posted a chart since i haven't been trading much, i've been more investing and not selling lately. But here's a good one. DKNG. found support on lower portion of bull flag pattern. Should see some nice upwards movement from here.
Symmetrical Triangle + Ascending Triangle + Bullish Momentum + Time Frame Confluence + Volume Spike + Fib Golden Zone Drawing the trend line from candle closes we have already broken out based on volume
Symmetrical Triangle + Ascending Triangle + Bullish Momentum + Golden Zone + Volume Rise
$DKNG DraftKings Rising Wedge Watch for break of lower trendline in coming days. Short target $35.50 Note: Not investment advice.
I hate to see the days of this long money print machine getting choppy. $DKNG just made people so much f*cking money on the long side it's hard to bet against. But we are starting to see some chop and I wouldn't be surprised by a temporary pull back. The real question is, is this coiling up for another explosion higher? If you think it is, might be a good...
Entry $38.5 S/L $34.21 TP1. $42.79 TP2. $50 12 months Consensus Price Target: $39.75 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Will be monitoring DKNG if we form a double top here over the next week or two (see magenta lines). Will plan to short and close at the prescribed red dotted line
Descending Triangle + Bullish Momentum + Long Wick Rejections of 50EMA/14EMA + Dynamic Support Level Look to see another pop at open tomorrow just like we saw today. Risky Trade: 6/5 44c right at open
Descending Triangle + Falling Wedge + Loss of Bearish Momentum + Dynamic Support + Consolidation
Ascending Triangle + ABC Correction + Bullish Momentum Initial Price Target: 45.93 Secondary Target: 48.56 Options Trade: 6/5 50c
With Sports scheduled to start making a comeback, we've been looking at this one for a Swing trade. Right now the stock is going parabolic so we're definitely expecting a pullback but we're going to keep riding it until we see some resistance. Currently up 50% on this trade, possibly securing profits at the $48 level. Disclaimer: I do not provide personal...
Draft Kings I personally believe is worth double what it is now. However, sports not being played all that makes it scary for investors. With news on earnings today I think you see a big time change. I think it will consolidate in the corner forming an ascending triangle and breakout the top. If it doesn't I also marked put options where to enter and wher to check...
DraftKings Inc. operates as a digital sports entertainment and gaming company. It provides users with daily sports, sports betting, and iGaming opportunities. It is also involved the design and development of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. I like this as a long term company too but...
It is trending up together with MA9, and it is pulling back now. I would expect to meet with 20SMA now.