As we can see, Draftkings is finally waking up after months of healthy consolidation. Look for this stock to surge upwards in price in the near future, besides the profitability of the sports betting industry - here is my reasoning. Price testing at the final Fibonacci level the .236 (roughly $57.26 price level) shows this bullish divergence and once it breaks...
DKNG bullish update - With sports betting activity increasing these upcoming months and legalization of mobile/ sports betting through out states, Im expecting a big move for DKNG soon. My in depth analysis on my previous ideas. Trading Idea annotated in the chart.
DKNG if it can hold above 52.50 I'm looking at 57 short term and an overall move to retest to ATH. Last time we were at 63.91 we took a big hit due to pandemic pressure. Couple catalyst to keep this pushing, Super Bowl, NBA, March Madness, on top of states pushing to allow mobile betting. Wouldn't hurt to add here for a long term hold on option contracts that exp...
If Dkng can hold above 47 Im seeing a retest of 50, under 47 I'm seeing a bounce around 44.70 for an EW 1-2 setup. Under 44 its going down to my major wave 2 target at 42. Keep in mind we can see some blood today with the GA Senate runoff (market uncertainty). So scale in on these dips! So much to look forward to this month expecting a minor sell off with 2021...
DKNG still has more room to bleed under 45.81 I'm seeing 42, which would be an ideal entry to scale in long term positions! In an abcde correction so watch for a break out of the falling wedge to retest 49, clean break and hold above 49 i see an overall move back to 53
Dkng invere h&s watching for reversal here, over 52 we could see some bullish movement this week. safe play: 55 C (1/8 or 1/15) good liquidity on both contracts lotto/ day trade option: 55C 12/31 .58 or 60C 12/31 .10 (both contracts have great liquidity)
DKNG lost some steam on Friday with sports betting being restricted in Ohio, However stimulus news was passed through Congress and the NBA is starting up Tuesday. Clean break over 55.40 and hold I can see a move to 61 this week. If you missed that rally I would look for an entry closer to that trend line near 52. My Plan: 55C 12/31, 60C 12/31 (cheaper) Lotto:...
DKNG has been consolidating for about 2 weeks now, gave it a shot last week but with market sentiment being very uncertain now we have some certainty restored. Vaccines have been approved which is great for sports so we should see DKNG get a nice boost. Now we just need positive stimulus news and market will pump. resistance: 50.91, 52, 53.71, 54.83 support:...
DKNG is a monster, its flagging here, fomo coming soon! key levels to keep in mind. Resistance levels 54.90, 55.62, 58.35 Support levels 49.30, 47