places an option call till march. DK going to see more move with more legalization on sport betting Superbowl on sunday with there first AD
Lots of buying coming in for this beast, also Cathie Wood added shares to her portfolio. In depth DD on my previous ideas but some key points 1. Super Bowl (increase sports betting activity) 2. Unveiling of a new sports book platform in Virginia 3. Legalizing mobile betting in different states 4. Cathie Wood loaded shares 5. ER end of month Option contracts to...
Draftkings has seen a lot of action with lots of sports fans betting on various games recently. With new announcements, like their recent proposition team-up with Bleacher Report for a Super Bowl LV deal and over 200 varieties of prop bets for the weekend. DKNG also announced they have had 4 consecutive months of $100 billion+ in revenue, which bodes well for the...
I see big potential earnings with this stock here.It is already at 55$ a share. We can expect higher highs to be made on this stock.
Draft king is a fairly new player on the market through a SPAC merger with Diamond Eagle acquisition corp, and it's an American sport betting operator and it even allows users to make bets on players' performances in all major sports. In the list of investors, we can find names like the legendary Michal Jordan who is acting as a board advisor for the company as...
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.
Play the earnings runup on 2/25. Cup with a Handle, with a breakout at $55+. Put an alert on your Tradingview! Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
In depth chart linked at the bottom, holding above that downtrend resistance line lets see what tomorrow has in store for us, if we can hold above 52 overall move is to 57
It may rest here for a while before it breakout.
Over 56 and think it can really fly, but already nice start to swing. Protect profits if that resistance holds $PENN $QQQ $SPY #Trading #DraftKings
Safe trading everyone
Sports betting stocks look bullish for 2021, sports will most likely continue back to normal with more sport teams starting to let fans back to the stadium. More states also letting online sports betting. The charts for these stocks also look bullish with solid uptrends. NASDAQ:PENN NASDAQ:DKNG
If Dkng can hold above 47 Im seeing a retest of 50, under 47 I'm seeing a bounce around 44.70 for an EW 1-2 setup. Under 44 its going down to my major wave 2 target at 42. Keep in mind we can see some blood today with the GA Senate runoff (market uncertainty). So scale in on these dips! So much to look forward to this month expecting a minor sell off with 2021...
DKNG still has more room to bleed under 45.81 I'm seeing 42, which would be an ideal entry to scale in long term positions! In an abcde correction so watch for a break out of the falling wedge to retest 49, clean break and hold above 49 i see an overall move back to 53
DKNG Possible Long Setup Lockup period drops. Short sellers at roughly 7% Still up 150% since ipo merger Do your own DD Entry Buyzone= 43 - 40 Cost Average Down Zone = 32 - 35 1st Sell target = .618fib @53 2nd Sell target = .786fib@57.92 3rd target = ATH HODL targey = 1.618fib @82.29 ______________________________________________________ This content is for...
By no mean this is a financial advice.
Originally I expected DKNG to hit and pass 50$ in a bullish sweep. That was the case but much quicker than I anticipated, and its pullback in the trading days after would turn 3,000+ to a fully closed out profit of 1,300. It never hurt anybody to take profits and I had closed out a fraction the day before it dropped so I guess thats the plus here. But where do we...