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
All eyes on DKNG to break the downtrend. Is $15 to bottom for DKNG or will it go lower? Or is this an easy 25% play?
Keep it simple. High volume since the end of January. Divergences on every indicator (RSI, OBV, MACD). Resting on quality support near IPO levels. IF and ONLY IF the overall market decides to go lower, 14.50 will be the absolute low. PLAN: Half position here and DCA to 14.50 if it arrives. 27.5 target by June.
DraftKings finds itself at the all time .886 retracement at the moment. The daily RSI keeps showing some kind of bullish divergence. One could accumulate some positions in DraftKings here for the long term play. Set your 2030 Me up for some nice gains ;)
It's almost ironic that a head and shoulders before the crash might end with an inverse head and shoulders pattern that's currently forming. There's bullish divergence, with decreasing price and rising RSI. I'm watching to see if the right shoulder forms.
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily fantasy sports, sports betting, and iGaming opportunities, as well as media and other online consumer products. It is also...
Draftkings is currently at the all time .886 retrace and forming a double bottom. Indicators in the 3d chart also look very bullish imho Stay safe in this crazy times !
Update prices for draftkings after the most recent movement Trends are showing the possibility of another under $20 buy with some decent upside coming up. Buy in somewhere between 18.95 and 19.59? Should be a nice return on such a big drop, but there will definitely be resistance in the climb.
TRADE CALL Entry - $18.11 to $15.88 Target- $130 Support $15.88
Dkng - The Strat Dkng has a 22 bearish reversal on the yearly chart. Head and shoulders on the monthly We have Full time frame continuity to the downside. If you're in options contracts I think you could get a 10p 3-6 months out and hit this PT. If you're looking to buy the dip. I'd wait to see if it falls below that 10.60 level. Set an alert and wait for...
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino...
As you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020 - April 2020. We can see that shortly after this bounce occurred there is a strong indication of a bullish macd crossover in unison with RSI moving out of oversold territory. On the 1 day chart we can see that DKNG is now in an ascending price channel and I...
SPY 2H I We had a double top on SPY last week and a breakdown from an uptrend. Watching for a break below Friday's low and a full given market weakness. BA 1D I We have a massive bull flag on the BA daily and hourly chart, which has been playing out since March of 2021. Watching for a lower high between $205-$210. DKNG 2H I We have an ascending triangle on...
As you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020-April 2020. We can see a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the...
Take a gamble on draftking's options? I'm considering it, after a good run on the draftkings app the other day. Looking from the chart, I'm liking an entry right at 19.59. I''ll be watching to see if it breaks my support line.
Requested by @RocketFuel20 Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
New York just legalized sports betting and NASDAQ:DKNG (DraftKings) is already breaking records in the empire state. Confluence: Divergence between RSI and Price action; Entry: Sub $20 is an ideal entry but the price won't stay that low for long Target: All-time highs by end of 2022
DKNG : Some pros and cons to play a potential bounce. --Big Wyckoff distribution on weekly and daily. ++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through) ++ Bullish RSI divergence on daily (that you can't see on my weekly chart) Since I like the set up I will look for an entry today, but only...