DKNG has still finished carving out a wave b, now forming a double top with a daily engulfing pattern. Probably because of news of new investment from ARK. The Elliott wave is still clear and we're targeting under $27 before resuming the main trend. We could go as low as the $16 area. Also, not pictured on this chart is RSI divergence confirming the 5th wave top....
Sorry Jim Chanos, you're just dead wrong about this one. You might be right about WYNN tho. Go long DKNG. Looking very attractive right here and appears to be forming another V recovery. The prior V recovery brought DKNG to its ATH of $74.38. This could send it to those levels for an initial test and then hopefully an eventual breakthrough. (They usually don't...
Draft Kings looks to be breaking down under the neckline of a long term head and shoulders pattern. This is extremely bearish and suggests a target in the $15-$20 range based on the height of the head from the neckline. Possible retest of the neckline before the crash. If the neckline resistance holds, look out below. If DKNG can break through the neckline with...
Clear SHS formation, on a longer track S S H S S is expected. if fibo level holds at 35$ which it hold for the last 3 days, we are good to go to 40-42$ which is 10%-15% uplift
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...
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...
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...
Opened 48/47P credit spreads on DKNG for December. Approaching demand zone and looking for the bulls to step in these coming weeks similar to mid july's price action.
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...
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!
Hi everyone! 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. Quick intro: Price is in the long-term rising...
Looks to have bottomed. Should hit 70s by New Years. 40%+ upside from current price
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. #MSOgang #thegem $GNLN #gethigherstandards Learn to INVEST, STOP POGGING!! You'll do alright.
Wake up Ponzi Poggers. There's gems everywhere. NOMO FOMO. *valuation matters Dollar Cost Average if need be. Hold for years.
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 .. Happy trading
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.