Bullish trading channel with doji and hammer candles testing support trend line drawn from the past two weeks.
need a break of 0.618 fib levels, although it may consolidate in this area before a move higher
Strong upward trend on DKNG with a possible return of 40%.
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 gave us very good TA patterns in past with huge pips earnmings. Last it played Head And Shoulders. Now in consolidation phase and my assumption it would go long
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We could see a reversal here - a second bullish candle with a higher higher and lows will support a reversal thesis. On Watch.
Looks to be struggling All it's cohorts are on the rise NV and OBV are low on daily/NV high on hourly Possible stop below C Just an observation Pattern valid at or above entry level with an uptrend
DKNG consolidation on 15m chart shoot through $43.57 resistance.
(play 1) Good earnings = price goes up. Buy in right after major resistance broken. First target $52.00 Second target $64.00 Final target $break all time high (Play 2) Earnings not good as expected = price retracement. Wait for retracement, confirm rebounce with retest. trend will be less bullish than play 1, buy you'll still reach the ATH before...
NEXT PT are as following 43.80 51.75 64.51 Broke out of 38.45 Res. line and tested nicely! With Money Flow coming in and Accm. is happening while RSI is super low Next TGT is 43.13 Rising LT Support line that turned Res. Lets take it back as im sure the Masters + New Election of 3 news states trying to approve + NBA coming back before the new year = More...
This is a very nice opportunity I would wait for a retest on the trendline. Q3 report is supposed Way better than expected which could add significant fuel to the rally, target $70. Good luck. NEVER TRADE WITHOUT STOP LOSS.