joe biden said if he gets in he will do another lockdown. i dont think he is lying. with inaguration day coming soon and no convincing signs that trump will stay in office, its looking more and more like biden will get in.
dkng is highly dependent on sports obviously, and if the lockdown gets confirmed this thing is gonna sell off hard.
from a technical...
$DKNG has traded back into its 9 months trend channel zone, breaking above its 50DMA. At the current junction, $46.25 price level would be acting as its immediate support resistance; coinciding with its 50DMA.
The first major price resistance hurdle to clear is targeted at $55 range gap, before a breakaway acceleration towards its all time high level at $64.20.
DKNG in a nice wedge , setting up for a nice move, could see 20ma crossing 50ma soon, with bull divergence on RSI , and declining volume towards TL resistance. As long as DKNG holds above 48.50, it may go for a move towards 52.10, 54.50 next, and 57 as a final target.
I entered DKNG options too early @ $40-45 price range and realized the loss.
Looking to take / add long positions here on higher lows if we're able to break the GP and hold.
Final TP: $70-72
Daily chart: based off market symmetry, the trend is likely to go down.
Also the doji candle at 53.75 is an indication of trend reversal, though the volume is not significant
Hey guys, DRAFTKINGS is in a bullish movement with a hammer candle shape and a low chat price effect. The TIMEFRAME M1 shows us a hammer candle with a low sell volume executed it goes towards the top of the range to test it. And we will witness a breakout on the price, great possibility of breaking the range to reach the one above. Then go and land on the next top...
One of my favourite setups at the moment. In green are my three short-term price targets (1/3 hit)
Now that the 25EMA is on top of the 50EMA I'm super confident this is a bull run to $60+ in the next 2-4 months. The orange dotted line acted as a short-term trend line off the primary short-term trend line, this is a bullish move as the slope increases and this...
