DKNG pushed up to as high as 65 after the restart of sports, but with the recent public offering of shares, DKNG had a huge drop in pricing. I believe that DKNG is a great company to hold for the future, and this presented a potential great buying opportunity. DKNG helped the trend line dating back to April. Though this is not too long of a historical trend, in...
DKNG next support is near 35-36 we could see more bloodshed this week with covid cases and negative stimulus talk, If DKNG can hold above 40 we will see a strong move up but volume is low, under 20 day ema, i wouldn't play calls for short term. perfect opportunity to add shares or play puts!
DKNG long entry on the break of the falling wedge structure. Daily time frame printed a bullish hammer candle on the 100 moving average which is also confluent with a previous support level and .707 Fibonacci retracement level. Stop Loss: Daily close below 40.43 Target 1: 40.36 Target 2: 52.13 Target 3: 56.78 (gap fill)
My Updated Buy Zone and Targets for $DKNG (Not financial advice)
$DKNG imminent bounce ahead. Sitting on lots of support right here. First PT: $44.7 Then watch possible PT2: $54.5
Title says it, long term trend has been solid support. Will hold until gap is filled near $55 to $56
Healthy uptrend with 40% retracement with a bullish pin bar and heavy buying volume entry signal. It is a good buy and hold stock.
$DKNG DraftKings bouncing off support today just under $42, forming a possible bullish hammer on the daily chart. Bullish near term options activity today with $1.4M of $43 strike (ITM) calls expiring this week traded (30x open interest) Near term target: $55-$57 range by mid-November Note: This is NOT investment advice.
DKNG head and shoulders broke out... Now, how far down can we go? next support for me is at 34.30, if NFL has more COVID cases and more games are being delayed or rescheduled we could see DKNG down to the low 30's. Right now it is sitting at the bottom of my channel could we possibly bounce off the bottom of the channel or keep running down. lots of upside for...
DKNG is in a downtrend currently due to increased NFL COVID cases. If it doesn't bounce up at $47-$47.55 then we should see $40. If it does bounce up, depending on if there is news or not, it should continue its original channel uptrend
My buy zone and target for $DKNG. (Not financial advice)
DKNG scaling in for some contracts to swing for next week, tap my support zone and resistance down trend line is now valid support line
DKNG strong support around 48.60 perfect bounce off that support zone. We could see a reversal to retest ATH. Start scaling in some calls (small) now waiting for that breakout of that downtrend resistance line. PT $55 by next week 53$ by this week looking to get in $55 C 10/23 at 1.70, will scale in more every dip unless more covid cases come out and bad news...
Just writing a blog about secondary offerings and wanted to illustrate what often happens when they are announced.
DKNG broke out of this ascending triangle pre market so we will be up massive at market open! GOOD NEWS is coming out for DKNG everyday that beats out that COVID news with the Titans and Steelers situation. PT 67 by the EOD! Looks like we will wont be filling those gaps down anytime soon!
We'll keep it simple today. Today we examine the daily chart. Since the end of August, price action began to move in this ascending channel Since mid September when the market was flushing, Draftkings held strong. There are some slight indicators according to my TA that this one could pullback slightly this week, but also could resume its path back up this week,...
Hello Traders, Not much to say in the write-up as the chart speaks for itself! :-) -zSplit
NASDAQ:DKNG Sports betting is continuing to gain traction and acceptance across the United States. With sports actually finding their way back on the field since the long COVID-19 break, you would have to HATE money to not look to get extremely long in this name. From a technical standpoint, it is attempting yet again to breakout of that $26-$41 (two purple...