DraftKings Inc.

DKNG: Head and Shoulders Forming

Seeing a Head and Shoulder Forming on 1Day Chart. DKNG is testing the neckline and if it fails here, it would end up selling off back to 50s. However, if DKNG could break the neckline around $64-$65, this would be a breakout of head and shoulders and could be pushing the All Time Highs. Set an alert at $65 and keep monitoring the price action. Market sentiment is very important here.

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