DraftKings Inc DKNG

DigitalData

All, Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for...

3kovin

On high and higher highs was so mush good news for exit smart money i guess. So we broke main resistance, and now we are discovering for new bounce of price. Red arrows will be perfect setup to go short. Watch for it and do not avoid S/L orders.

chaseflores10

DKNG has been beaten down again...Looks like a head and shoulders pattern but it won't play out. Playing a call calendar spread at the $40 strike. Short call expiring 12/10, long call expiring 12/31 for a cost of $81 per contract. Easy money.

DigitalData

All, I am literally just watching the market and these stocks. I am highly debating going long on all of them equal weight. Might put PYPL at 25% weight. As a hedge I will enter a few SPY PUTS

olakunledean

Draftking holding at support. looking for a bounce at the confluence zone.

thehappyitalian

looks like this might go a little lower before a reversal.

DigitalData

All, DKNG here obviously a typical buy area, but market + ER I still have to be careful here. I 10000% would add to watchlist. Worst I see it getting is 33-26 range a little lower.

ImportantImports

Draft Kings looks to be breaking down under the neckline of a long term head and shoulders pattern. This is extremely bearish and suggests a target in the $15-$20 range based on the height of the head from the neckline. Possible retest of the neckline before the crash. If the neckline resistance holds, look out below. If DKNG can break through the neckline with...

ContraryTrader

Look for the Dip buy around 35$ this week. There was a lot of institutional money invested in that area last fall. I expect buyers to step up around 35$. If it drops below that area that would be a major H&S that could send this stock back to 25$ fibonacci support.

nadavcool543

Looking for a big bounce into December. Target 40+

PlanTradePlanMM

Demand Zone Entry 39.5 Stop 38 Target 51 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

Skook92

Adding here to DKNG after it dips further into my DCA zone, remain bullish longterm so building out a position here. Price targets remain at $65 and $100 presenting good upside, and acceptable risk for me at these oversold levels - still some downside on the weekly indicators but daily looking good for a bounce in the short-medium term. Will continue to DCA...

FLEXxPointsx

I might've gotten in too early here to be honest. However, I feel that draft kings has a lot of momentum with the variety of reach and marketability they have. The name is familiar and they continue to have good incentives and easy to use platform. I know their financials aren't the best but I consider this an emerging market even though some may disagree. I think...

Skook92

Looking a great level for DKNG - green rsi/market cipher in the sweet spot/red money flow + positive divergences. ** NOT TRADING OR FINANCIAL ADVICE **

ulkser

Clear SHS formation, on a longer track S S H S S is expected. if fibo level holds at 35$ which it hold for the last 3 days, we are good to go to 40-42$ which is 10%-15% uplift

sixpackistan

So, we're seeing the fib lines line up with current support and historic price action at around 35, RSI and money flow rising...I'm putting in a buy here. I could be wrong about this one but it just feels like this correction is close to wearing itself out.

Futurestar33

DKNG has been bleeding a lot. Today It reached a major support level. We should see a reversal here now. It's also sports betting season. December so many games going to be going on, might as well take a bet here ;) 1st target 36.83 (Which is the red resistance line) 2nd target 39.65 Not financial advice.

Decam9

DKNG has suffered from massive selling. The stock fell from its highs of $65 in September, to about $50. It consolidated for a month in a parallel channel and then broke below. Measuring the downside move from the bearflag/ABC pattern places DKNG at current levels ($35). We are currently sitting at a support level that was created back in October/November of 2020....