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....
#EpicEconomics The $DOGE pup & $AMC monkey crowd fan fav. *Valuation Matters.
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...
DraftKings - DKNG - Is at our first critical target. Will it break the downtrend line and get above the moving average resistance? Or will it consolidate in the golden fib zone? Edutainment Purposes Only.
$BETZ the popular betting ETF looks to be loosing some steam on the daily chart. The stock recently broke the bottom of the channel (that has a slight downward trend) and is now below the recently started 200MA. Our entry points for this stock are $25.x and $22.x ATM. Look for a continuation to these points and then a trading scenario (in either direction)....
Penn National Gaming has quietly been gaining momentum during July after a massive fall in price since earlier this year. If we do a fib retracement from the swing high at $85 to its swing low at our bottom which is $63, we get a potential trade setup currently at the $71.84 price level. This $71 area is where the .382 fib level is, historically a great buy area...
DKNG 4HR TF Analysis After a 15% correction within a two day span from Hindenburgs claims on black market dealings/ illegal gambling, Buyers took advantage of that dip as it rallied 11% intraday and is currently consolidating for more upside. Retraced nicely to the .618 of May lows and Junes current highs and potentially forming a nice channel with lots of...
congratulations if you entered this trade with me:) take profits when you are happy. I think 61 USD is possible.
Swing trading idea after a possible breakout. Lets see how the market behaves this week:)
25%+ bounce off the 0.5fib support. Taking some profits off the table here personally. If price doesn't get above this current resistance level I would look for a possible retest of the 0.5 and possibly even lower, at which I would look to grab some bags. Not financial advice, trade at your own risk. Good luck!
Previous high was broken. Mac D is green (support) RSI is oversold I have price retracing previous high up to 61% Sports getting back to. normal. I'm looking towards January on this option i just got into today.
DKNG weekly looking to range $40-$48 range. I don’t see it going lower than $40 and if so we test $35-$37 before advancing back up. Looking to head back towards $60 in July, mid to end summer advancing back to all time high come fall.
Draftkings is setting up for a nice bounce and should be a good entry point to land on the moon. Good luck!
Draft Kings - DKNG - In a good buy zone just above $52? Based in technical analysis this may be a good buy zone if price does not dip below $52. Would this be about a 25-30% gain if price goes near $75? We will see what happens in the future!
DraftKings - DKNG - Still time to get in?
DraftKings - DKNG - Stock - Time to load up? Technical analysis shows a pattern. Will it repeat or is the pattern over? We will see?