Condition: Demand Zone Entry 42.5 Stop: 40 Target1: 53; reward:risk=4:1 Target2: 63; reward:risk=8:1 I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
DKNG traded in uptrend. Fallback exactly to uptrend line + support line. Also performing falling wedge pattern (see 1 hour chart for more clear view). Take profit @55 Stop loss @39.5 1 hour char:
my considerations, I am very bullish on this stock both short-term and long-term, I think there will be a reversal this week, the first comrades, I watched, jumped as soon as the price touched MA50 :) b.radikal.ru a.radikal.ru whether the rebound will be fast or slow, I will not say whether to gain a position gradually or decide all this at once depending on your...
DKNG will be heading into further potential correction. Should it rebound, the bullish move will be exponential.
DKNG head and shoulders broke out... Now, how far down can we go? next support for me is at 34.30, if NFL has more COVID cases and more games are being delayed or rescheduled we could see DKNG down to the low 30's. Right now it is sitting at the bottom of my channel could we possibly bounce off the bottom of the channel or keep running down. lots of upside for...
Good RR here on DKNG as we might have found a strong bottom from this retracement.
Had to redo this chart Not sure If I can see this last wave completing before ER but the second wave was a long correction which means wave 4 will be shorter. The hidden divergence, playoff excitment, and also the news on online sports gambling growing to $748.6 million in September gives me more confidence that this uptrend should be strong.
ABC corrective wave complete, looking for a long entry around $45 with a price target around the 1.0 fib and possible extension target. Reward/Risk +6:1 with a stop loss around $42
Shared DKNG last week, check my profile. Price pull back to demand zone. Waiting for entry signal to long into this country. Monitor closely.
Gambling. The one thing that will never disappear. With so many cases, I doubt Las Vegas will have many customers and with the digitalization of the world I doubt those casinos will return to their glory days as online gambling will take over. Here we can see we are inside a channel and if se use volume profile we can see a high volume node along the golden...
Divided into two gain box , first one the retracement was to .5 and it went back to .75 but the volume profile suggested the upward movement. In the current gain box , even though we have hit .5 retracement , the volume profile suggest the POC much lower, if it goes below 47.65 to stock likely to fall 43.4 level.
$41 PT is determined solely based on volume shelf. $36.38 is the next target also based on volume shelf. THE LOCKUP PERIOD ENDS ON TUESDAY!
Exactly follow my chart as you can see! This would be the best entery point as per my opinion! My targets are same! Adding stop loss at $42 due to volatility in market! Trade safe 🚫