DKNG met a long monthly down trend after a 250% rally from its lows and closed with what looks like a reversal pattern on the daily chart. Weekly THV is flat and Red as pricing continued to climb into the trend creating bearish divergence. Does Draft kings head back to $20 to meet the weekly coral or will it break out and head to $40? Time will tell. I'm...
Risk cancellation happens when you have an unrealized gain that can cover the risk you set for that particular trade. It can also be a situation where an open position is on the winning side and just waiting for a trail stop/target profit to be executed. In those situations, set your stops at breakeven. Risk cancellation may give you more room to add...
Notes: Price overshoots from BB by 5% (near major resistance) Fake Out Re-breaks after a consolidation with KCBB eclipse Entry on rebreak Exit on measured target
As always, this is just my personal opinion on the stock, It is not a recommendation to buy or sell. I am solely laying out what I see and how I plan to trade it. Good luck!
Draft Kings can be on its was back up to recovery levels.
DKNG short for 1-24-22, swing, momo John Bragg DKNG short for 1-24-22, swing, momo John Bragg
Trading DKNG short for 1-24-22 DKNG short swing trade set up for 1-24-22 John Bragg
Play the earnings runup on 2/25. Cup with a Handle, with a breakout at $55+. Put an alert on your Tradingview! Happy Trading, from CJ -- aka the greatest FURU. To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Trade update - Amazon, Apple, Draftkings Amazon - critical level - do or die moment Apple - critical level - do or die moment Draftkings - be patient for a good entry
Video breakdown prepowerhour 12/21
Video breakdown on $DKNG
As requested! Video breakdown of $DKNG Follow us, and reshare!
Still overall bullish. Leaning towards another low/double bottom right now