That's a peace of a drag. I only consider a buy when it crawls up above the CL. In no other circumstances I would buy it. So, another Stock for the LT watchlist. #watchlist #dkng
How does an esteemed invested such as Cathie Wood not see the clear distribution of this chart? In her ARKF fund she has over $205 million dollars invested in this company, and another $205 million in her ARKK fund. Ouch Cathie. Ouch.
MID-TERM: Falling Wedge , Classic Bullish Divergence , Bullish Pinbar , Support. (not financial advice)
$DraftKings(DKNG.US)$ This has been a tough market to say the least, However, I see a very very small ray of light for DKNG. Earnings and charts is all set for a big move. DKNG closed the week with an inverted hammer. If next week we close positive for DKNG than we might be setting a pivot point.
Earnings watch 5/6: DKNG NRG CI VST SR MGI RUTH BBU DISH UAA Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading...
Sorry for the crowded chart but I have watch this move develop for a long time. DKNG has a textbook chart. I think it will go below $10 after the earning report (this will wash out the remaining weak hands) and recover from there. DKNG has hit max max pain already.
Here's my chart for draftkings, when I go in closer, I see potential downside in the next few days, but there is a lot of potential upside in this stock in the long term with support coming from the bigger charts.
Draftkings made insane moves during Covid, however it went up so fast. This has been a great short play.
DraftKings is getting wrecked again and now tumbling towards that one major support at 13.30 Look left what happened when we broke that support once If we hold that for real though, maybe one could roll the dice on DNKG to the upside
All eyes on DKNG to break the downtrend. Is $15 to bottom for DKNG or will it go lower? Or is this an easy 25% play?
No doubts, the targets are for long term, I do believe we are very close to the lowest or maybe we already are.
Keep it simple. High volume since the end of January. Divergences on every indicator (RSI, OBV, MACD). Resting on quality support near IPO levels. IF and ONLY IF the overall market decides to go lower, 14.50 will be the absolute low. PLAN: Half position here and DCA to 14.50 if it arrives. 27.5 target by June.
You can't argue with this chart, do you see my inverse H&S smiley faces? Do you think they'd lie to you? Did I just have too much coffee and probably bought too much DKNG to be considered an entry position? Do your own DD, but DKNG is due to pop. Have a good weekend. If this drops below $16 I'm getting out, otherwise I won't be selling until $22-24
DraftKings finds itself at the all time .886 retracement at the moment. The daily RSI keeps showing some kind of bullish divergence. One could accumulate some positions in DraftKings here for the long term play. Set your 2030 Me up for some nice gains ;)
Rising wedge as long as support on lower part of wedge holds.....play the interday movements within the range. Minimal risk of massive down side...besides yolo....
DKNG Price in an existing downtrend It is moving within a price channel Currently, price finds itself at the resistance level of price channel Price also finds itself at dynamic resistance area @ 50ema Today’s candlestick closed as a shooting star. This is my cue to enter trade. Entering trade short Entry: 20.20 Stop loss: 23.07 Target: 14.52, +28.12%, 1.98 RR ratio
Draftkings has been in a downtrend for some time and finally looks to have broken the trend and showing signs of reversal. The price has broken out of the falling wedge and looks to be retesting the above trend line. Price is currently at the 50 sma resistance and seems to piercing the 50sma. Will need to hold this level for more bullish momentum. Volume looking...