DKNG is in a downtrend currently due to increased NFL COVID cases.
If it doesn't bounce up at $47-$47.55 then we should see $40.
If it does bounce up, depending on if there is news or not, it should continue its original channel uptrend
DKNG Wave 5 we profited as per my previous post and now abc correction also coming to an end. Another long entry emerging for new wave 1 around 42-45. If this support holds one can easily ride this till the end to wave 5. I have an entry order waiting to hit. Hopefully tomorrow. Just an opinion. This post is for educational purpose only. Please do your own...
Greetings. I'm even more bullish on DKNG, which is currently a pullback (61.8% retracement) from the uptrend that began 08 Sep. DKNG is also at the low-end of the Bollinger Band, which indicates an opportunity to GO LONG. Support at $45, which is slightly below the 50EMA. I anticipate a retest the $64 high before options expire on 20 Nov.
I'm LONG on the...
Dunno.
I hesitate to call this 2 parabolic arcs, so not sure what to call it
Just doesnt look good is all and I was in it but sold it last week
79% of the top pattern is 35.4 (forgot to put it on there
Most arc patterns/if it is an arc pattern/fall 62 to 79%/I am NOT saying this is 2 arcs!
News seems favorable
G with your gut and keep a stop
Not a...
Selling continues and the stock is now down 30% from its highs.
Insiders have dumped millions of shares in recent days to
compound the misery on retail traders.
The 50ma will be touched on Friday in conjunction with the
June Pivot Point, if that fails to ignite a recovery the Fibonacci Gp at
$41.00 is in play.
INSIDER SALES
MURRAY STEVEN...
I'd like to see $DKNG drop down and hold the 50 SMA. However, I don't think that's going to happen so I've set an alert just above the 10/12 high @ $52.60. If it can do that in the next day or two I'll look for a logical entry point. I also like how the selling volume is drying up as this falls. This tells me $DKNG is running out of sellers. All TBD. Ideas, not...
Price boxing up on the hourly, possible right shoulder forming a Head and Shoulder candlestick pattern. MFI shows a slightly higher low against falling prices as well. Possible short term bullish entry around 47.50 for me, where I've highlighted possible buying and selling areas based on Volume Profile. If I miss the entry then I'll go with the overall bearish...
$44.79 is the retest of the breakout. Seems inevitable at this point. I would not short, but I would not look for longs quite yet. Maybe sell a $45P? Not sure how I feel about the fundamentals either...
