DKNG traded in uptrend. Fallback exactly to uptrend line + support line. Also performing falling wedge pattern (see 1 hour chart for more clear view). Take profit @55 Stop loss @39.5 1 hour char:
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MCD should hit $220 a share this upcoming week based on growing bearish divergence and a high RSI. We are close to dipping below the moving average as well.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. FALLING WEDGE: APPLE DAILY CHART BOTTOM OF THE BOLLINGER BAND
due to recent spike in coronavirus cases in UK the gbp is going to continue to fall which is my prediction could be a great sell opportunity this week coming.
I see another fakeout coming with a Bart pattern
TSLA Sentiment: Bullish Reasons: 1. Falling Wedge Pattern 2. Decrease in Volume During Pattern Formation 3. Hammer Candlestick at the end of Week long Downtrend Disclaimer: this is not financial advice I am not your financial advisor. This is just my personal analysis of what I see in the charts
I personally will open entry if the price will show it according to my Analysis. Always make your analysis before a trade.
MACD showing signs of bullish divergence. Falling wedge pattern appears to be in play.