One of the strongest names of this year. All signs point to a future multibagger.
Overbought on daily IMO, needs to cool down and test 5D EMA for next leg to 40.
No position yet.
DraftKings Inc (NASDAQ:DKNG) continues to expand its market presence with online sports betting now live in 21 states and iGaming in five states.
The company faces potential threats from regulatory changes and intense competition in the online gaming and sports betting industry.
DraftKings Inc (NASDAQ:DKNG) has opportunities for growth through strategic...
If you haven`t bought the dip on DKNG here:
Then analyzing the options chain and the chart patterns of DKNG DraftKings prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.93.
If these options prove to be profitable prior to the earnings release, I...
Hi, here is short term trade you can short from 33.70 and if it confirm above 34.41 you can exit trade like us ....... be aware guys logical.market will short this from around 33.5-33.7 ......follow us for more . promote us.
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On a YTD basis, DraftKings Inc. (Nasdaq: DKNG) is up nearly 145% due to a mix of solid financial results, raising its full-year guidance, and delivering its first quarter of adjusted EBITDA profitability in Q2. With that in mind, the company’s Q3 earnings report will drop on November 2nd where I expect it to beat analysts’ revenue and EPS estimates, all while...
61.8 fib and BB support on the weekly at 24.03 Looking to long there if it gets down there. Trading in a triangle currently which leads me to believe we could see a false breakdown. Hopefully with seasonality this can sky rocket.
DKNG usually hot stock for the NFL season but considering the inflation and the economy we are in right now, my assumption would be not many betting.
If the Trend Line breaks, Target #1 - 25; Target #2 - 20
Here is a simple trend-line break but put into price action terminology this is a break below bullish gap- lows with a intraday retracement to potential Lower Highs (PLH). Can expect a move back down following momentum back to previous Higher Lows (HL) and further
Here is a bull flag on the 1H timeframe and if you look closely there is also somewhat of an inverse head and shoulders forming signaling equilibrium between buyers and sellers. Expect imbalance next to either direction but according to the trend there is a higher change of a push to the upside once imbalance is created.
Here is a 4h Inside bar on DKNG with a Macro trend line to support bullish bias. Be warned this trade can break below the inside bar and trigger a sell of creating another leg down. Watch for micro pull backs(5m-10m) after green level is broken for entry opportunities.
CAUTION: This trade CAN takeoff at open giving no pull back entry opportunity so do NOT let...
Here is a simple break and retest if a key breakout level/zone aka resistance flipped to support. This can be a day trade but for max gain would highly recommend swinging $32c into friday.
Ugly H&S within an uptrend above weekly candle pattern breakout. Will be a nice swing opportunity and for paper handers, can be a 2 day hold for 100%+, trim at or near highs and leave runners after.
if market continues to stay strong and consumer spending looks good dkng can continue to build.
Not posting any ideas as advice but rather as accountability for my own read on market
Rocky Mountains is not a real thing, but it was the first term to come to mind when looking at this pattern.
If this plays out, it would take weeks to months before anything comes of it. Simply charting this to reflect back on in the future to see what this pattern reveals. I'm simply playing hidden bullish divergence here, especially considering the fed with...
DKNG has corrected back to a possible near term resistence-turned-support @ 26.50 - 26.80.
Currently the bullish divergence between it's price and RSI is still intact (will be negated if price dips below its last pivot of 24.95).
I would consider to test a long entry for DKNS if it starts to go above the last candle high of 26.89 with an initial SL just slightly...
