Today we will take the last year of price quotation and we will work on all the relevant levels we will e paying attention
a) The main aspect we can see are the exteriors support and resistance levels (these are our framework)
b) Inside our range, we can draw a trendline that may work as a relevant support level. From there, we can expect a bounce and the...
Ironically, a picture almost identical to what Palantir had for us in the previous post.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally...
DKNG is an online sports betting book who as of today announced they entered a Blockchain agreement with Polygon. Polygon is an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions.
The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and...
I might've gotten in too early here to be honest. However, I feel that draft kings has a lot of momentum with the variety of reach and marketability they have. The name is familiar and they continue to have good incentives and easy to use platform. I know their financials aren't the best but I consider this an emerging market even though some may disagree. I think...
We predicted the top and that a wave 4 retracement was on the horizon. Now that we have gotten the pullback, eyeing an entry to go long soon. I want the $50 level to get tested and hold to get in. Will be watching the chart closely!
I've been following NASDAQ:DKNG price movement for a long time.
Today I will share my analysis with you.
This is a typical growth tech stock with a higher risk profile.
If you are ok to see your asset go up 5% and then lose 7% the next day, then you might consider trading this stock.
Price is in the long-term rising...
I'm remaining bullish here for as long as the 13-day MA keeps climbing above the 21-day. Solid structure forming with a clear break from its previous neckline/resistance.
"According to an article in the European Business Review, domestic sports betting revenue in the U.S. is projected to be valued at $7 billion by 2025… and it continued saying that, according...
Another forgotten gem it appears. *valuation matters NOMO FOMO in Crypto Ponzi Pog world. Sports, Gaming, Gambling and #cannabisreform should provide the next greenshoots.
Learn to INVEST, STOP POGGING!! You'll do alright.
Hello fellow traders .. I hope you all enjoying this bull run ..
Back with. DKNG flag and pole again ..
Self explanatory .. good 40% upside target
Stop loss at the flag resistence line .. small position size ..
Technically DKNG needs to break volume shelf to see a significant move to the upside, otherwise it may retest 51-48 zone.
However given the push through the AVWAP (purple line) from the highs and a close above 200MA (black line), a move to the upside is more likely IMO. Also appears to be completing phase D Wyckoff Accumulation.
Rejection of the 200MA or a...
One of the nicest setups out there right now. Won the battle at the volume shelf. Ascending triangle with advanced MACD breakout. Should steadily climb back up to retest ATH over the next couple months.
Hello traders and investors! Let’s see how DKNG is doing today!
The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level.
Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29....
DKNG crossed the creek of a persistent downward sloping supply line today after breaking above the .236 fibonacci level of the retracement shown on the chart.
Anything above $48 is bullish and now that you have a decisive looking candle breaking out of the trendline on the daily, that only adds as further validation.
The price is in the middle of our .236 to .382...