DKNG still hasn't broken out of the yellow line pullback. If price continues down to about $36 (near the 200 day EMA, price will be 100% away from all-time highs. What are your thoughts? Wait for price to break out from the yellow line pullback, then buy Leap Call options anticipating a move toward all-time highs?
NASDAQ:DKNG If you trade: chart patterns, fibonacci levels, or divergences, you see it. I see it. Don't miss it. Let the trend break and enter on a retest. With earnings coming up, this play could be big.
NASDAQ:DKNG It appears that it might check back the trendline.
The earnings report will determine if it bounces from the trendline or breaks through it. 👀
Watch fib lines for potential support areas.
NASDAQ:DKNG
Enter at current price of $48.68 or wait for the dip before buying ( around $48.37) and hold for this to cross $49.69, confirmation towards $50.12.
Possible retracement due to investors selling positions at price target $48.82
Rising Wedge Pattern is at the top of the structure for a third time, and was swiftly rejected from the higher end of the $48 range. Looking for a drawback to around $27.
(1h timeframe)
DETAILS: at the 1h timeframe the price is inside a tunnel. (we have a 3 touches on every line)
after a strong breakout (big bullish candle with strong volume) the price did a retest back to the resistance line of the tunnel.
we can see how the price tried to return back down and got affected well by a strong support area and the ema 200. the candle...
If DKNG can break and hold 40 level, it can continue its momentum to the upside.
Entry- 40
Stop loss- 32
There is a gap below, if it pulls back to fill the gap around 35, will add more.
Target #1 53
Target #2 60
NASDAQ:DKNG Looks pretty bullish
- consolidate around SMA25 recently.
- relative strength is better than NADAQ in general
- can enter with small stoploss 3-5% below the entry price.
This simple Line Chart Depicts using the facilities in Trading View to Diarise one's decisions.
This is equally important for both Profitable and Losing Trades, and will help one decide to add or reduce ones position.
The Current Market could go both ways, so if in Profit - set a reasonable Stop Loss to Persevere your Capital.
Trust all are Winners.
Regards Graham.
If you use DraftKings, you might want to add DraftKings to your watchlist. DraftKings has been pushing up for several months. Price is less than 100% away from all-time highs. Those who buy and hold or use LEAPS options know what that could mean in a portfolio. This is an 'All Ships Rise with the Tide' technical analysis. Anyone else looking at DraftKings?
DraftKings ( NASDAQ:DKNG ), the Boston-based sports betting and iGaming company, is making waves in the market once again, showing remarkable resilience in the face of mixed fourth-quarter results and a groundbreaking $750 million acquisition of Jackpocket, a leading lottery app in the U.S.
Despite the initial market reaction, which saw NASDAQ:DKNG stock...
Overview
DraftKings ( NASDAQ:DKNG ), the renowned sports betting company, recently unveiled its fourth-quarter results, showcasing a commendable 44% growth in revenue despite facing challenges from NFL outcomes that fell short of expectations. While the figures slightly missed Wall Street estimates, the company's CEO, Jason Robins, remains optimistic about...
DKNG DraftKings is one to watch going into earnings and the big Super Boawl weekend. There is a lot of space between the current price and all-time highs for the patient investor. Consider LEAP options as well to accelerate growth with risk management. Keep an eye on DKNG.
Now trading +23% - original idea attached.
DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual...
Primary Chart : DraftKings Inc. Weekly Price Chart with Fibonacci Levels and Downward Trendline from All-Time Highs
DraftKings Inc., an innovative sports-betting company, has been one of the hottest stocks of this week after it beat earnings expectations and raised revenue guidance. Many are likely chasing the stock's price here without any discipline...
With another year of increased Revenues DraftKings is poised to see higher gains. " In August, DraftKings took the U.S. online gambling lead, according to a new study by prominent research entity Eilers & Krejcik Gaming, capturing 31% of overall gross gaming revenue compared to FanDuel’s 30%. " - frontofficesports.com
