Draftkings looking readyWeekly chart showing signs of possible breakout. Looking for an increased volume week here and a push above the 3 month high.Longby M_Devine5
Draftkings loooking pretty good $DKNGNASDAQ:DKNG Just the Chart taking a look at DraftKings here on the daily and its looking pretty good for some upside potential. if it can break out of that 21 range we could be looking at massive upside this isn't a name I would normally trade but i will be adding it to my watchlist as it looks like we could be in for some good price action soon Longby MindsetTrad3r2
Draftkings This is gearing up for a huge move. It’s been slow and boring for a while but actaillt holding up stronf. After breakout of large downtrendinf riwstance around earnings we failed a double top but the stock is resilient and doesn’t want to drop. The bulls are holding 17$ area and hienstly the reward seems greater here to long with a stop below 16.50s Target is 28$ could be a bullflag. Obvisouly 19.50 hold could be a more convincing long and we could wait for that entry as well but this is gearing up for a big move and my thought and thesis is to the upside here soon. As long as we remain above 16.50 this is getting ready for blast off. Longby Erictaylor222
DKNG1Y RSI is falling. MFI is dipping down. 5Y RSI hasn't reached oversold yet. MFI has been declining since 2020. Prediction: It will fall. I see a gap around $10 and believe in will fall near that price. On a much larger scale (on 5Y), I am seeing a big head and shoulders. I wouldn't say it is a perfect head and shoulders, but it is rough. For my educational purpose, not to be used as financial advice.Shortby Kyo026Updated 0
Draft kings super bullish Every time frame draft kings is above key support levels based off of moving average 10,12,40,50 moving average monthly weekly daily charts. Momentum still way oversold along with strength. I see draft kings 2-4x from here. I’m going to start large position in morning with stop limit below daily 10ma Longby Worldcat320dc221
DKNG: Looking into the possible scenarios by Dec 2023Despite the fact that DKNG stock's price has bottomed, the path toward higher levels seem to be challenging. In short-term stock is facing big hurdles around 23 and 23.5 and there is possibility of major pull-back around the resistance zone. Key support is seen around 15.15 which is expected to be maintained throughout the first half of 2023. If price holds above 15.15, the base case scenario includes a rise in price toward 26 and 27.5.Longby Quantific-Solutions3
DKNG SHORTNo need to overcomplicate the chart for DKNG. Obviously had a great run but now it is at an overbought level, and as you can see on the chart, every time it goes above RSI overbought level it goes down every single time! Reasons to short: 1. Overbought needs to go down and find a support 2. Currently trading at resistance line (red) as long as there is no significant announcement or ER numbers to push the stock above that it's hard to break! 3. Current market condition, because of solid job market data, higher than expected inflation data the market expects the fed will raise the rate even higher. The following support will be at 200 MA (blue line). Shortby TugsMM2
DKNG DraftKings Options Ahead of EarningsLooking at the DKNG DraftKings options chain ahead of earnings , I would buy the $17.5 strike price Calls with 2023-6-16 expiration date for about $2.04 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. The longer expiration date will give me some room in case I'm wrong. Looking forward to read your opinion about it. Longby TopgOptionsUpdated 449
February Gainers (DKNG, account up 1%)3rd gainer in February is NASDAQ:DKNG . Holding period is 35 days (1/13/23-2/17/23). Account up 1%. This month till today, my account is up 3%, average holding period is 75 days. My trading method is mostly short term and is independent of market swings. Will keep updating on my trades. by 1hour_trading0
Draftkings Looking primed! Ascending triangle building. If we can close above 18.11 this could be a nasty trade. As this pattern builds we could see support at 16.10s reistance at 18.10s. Looks to have broken a large downtrendinf reostance at 17.50s. Biggest support on a big down move is 15.75. Howver I’ll be watching for a breakout king above 18.11s or pop if that and retest of 17.90 as new support. That could be the entry if that holds First tarhet 19.20 Second target 20.20 Third target 21.60 4th is 34$Longby Erictaylor446
DraftkingsBased off this large decesninf trinagle DKING has ripped to the downtrendinf reostanxen what we need to see is support and closes above 17.45. This could give us the breakout signal to launch us higher. Curently we seem to be flagging under it after the first rejextion off it. Key level to watch for a breakout trade. No need to rush. The stock will show us it’s ready soon if we fail then 15 could be a great support 17.36 is the .5 fib which is where we are struggling to flip to support curently. That could be the level. Above that is 19,20.30 and 21.50Longby Erictaylor0
DRAFTKINGS CHARTWith DKNG earnings coming in 3 weeks weeks 2/17 currently above trendline looks like rising wedge. Price target 17.5-20.00 Swing play Longby King_Isaac_3
Draftking - Bullish return is likely After a period of accumulation in July, the corrective downside after the peak seems to be corrective. Piercing line candle was seen hovering above the key support at 13.50. There is a short-term potential upside towards 15.45 as the first target. Long-term support remains at 11.74-11.10.Longby William-tradingUpdated 3
DKNG Short on Daily 2-2 RevDKNG has a nice 2-2 Rev on it that will trigger the flip of TFC on the weekly to give full TFC all the way to the monthly lining up. Looks like a good daily play for smaller accounts looking to grow with minimal financial risk.Shortby Yourboydc1
$DKNG another leg lower. Bottom between $3.93-$5.42There looks to be another leg lower coming for $DKNG (which to me would be the capitulation leg). I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel. After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops. Good luck.Shortby benjihyam441
How is DKNG here?I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment. LONG TERM: This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an easy $40 dollar stock. SHORT TERM: I don't like the way this stock is looking for short term. It needs to squeeze and set some real support on this 10.54 mark before working it's way up to test that tough 17.49 resistance.Longby KinCobaltUpdated 4
DKNG has bottomedIncredibly, one of the largest head and shoulders patterns I've ever seen played out perfectly and entirely, and we are now trading at levels not seen since late 2019. There is massive support down here and I expect this stock to have fully bottomed around this area before beginning a new uptrend within the next month or two. I'm going to hold this one for a few years, add if it drops any further, and take it to the bank. If you want to be save put a stoploss at DKNG's lowest price from earlier this year. Extremely oversold, decent valuation here, the company is growing quickly and will be profitable once management realizes that if they keep diluting shareholders they are going to get run out. All of this (aka the worst) has been priced in. Time for the upside. Longby stonkasaurusrex113
DKNG weekly at despair zone bubble cycle stop loss $0 HODLEntry $16.35 Stop loss $0 DKNG weekly at despair zone bubble cycle stop loss $0 HODLLongby MishaSuvorov0
Channel DownThis landed at C, so it could be called ABC Bullish but there is a resistance line from the channel down. Entry long with a clean break of this line, otherwise this will bounce back to lower trendline of the channel, or further if the support line does not hold. EARNINGS 11-4 BMO. Short interest is around 9%. Possible stop below C if long. No recommendation.by lauraleaUpdated 552
multiple trend supports here 🥶 watching closelygood chance we start to bounce here, above 14.87 we climb back above resistance zone and may see a breakout past trend resistance. 🔭Longby Vibranium_Capital3316
DKNG (POTENTIAL BUY LEVEL) ***BULLISH SENTIMENTThis just my basic MONTHLY charting. I have marked what I see as the POSSIBLE bottom (support). I see overall DOWNTREND with a possible reversal. I have marked my potential BUY LEVEL for LONG/CALLS.Longby Empoweryourmind0