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...
Here's an update on $DKNG. $25 is the current target. Won't go into any details as the move is very straight forward.
FUBO with a weekly crab harmonic PRZ around 3$ 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 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and...
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.
Here's my chart for draftkings, when I go in closer, I see potential downside in the next few days, but there is a lot of potential upside in this stock in the long term with support coming from the bigger charts.
I think it will be a down day. I go over what I think and wrap up the main idea around the 18:30 mark until the end of the video. Investment strategy: No long positions at all. Looking for a drop or short entries. I believe market open will be shorted.
That's a peace of a drag. I only consider a buy when it crawls up above the CL. In no other circumstances I would buy it. So, another Stock for the LT watchlist. #watchlist #dkng
You can skip to 1:20 where I skip the quick update talk. Everything so far seems to be moving normally as expected. We will see in ~9 hours if anything substantial has changed.
How does an esteemed invested such as Cathie Wood not see the clear distribution of this chart? In her ARKF fund she has over $205 million dollars invested in this company, and another $205 million in her ARKK fund. Ouch Cathie. Ouch.
DraftKings is getting wrecked again and now tumbling towards that one major support at 13.30 Look left what happened when we broke that support once If we hold that for real though, maybe one could roll the dice on DNKG to the upside