Long

DKNG on trend line

Updated

Should see a bounce from here.

I'm in January calls for this.

Invalidated if the trend line breaks to the downside.

Note

Watch for gap fill down to 46.61 if we close below that support, I will exit my position.

I would really like to see this close above the 20dma which is currently at 48.66 to remain bullish short term. We are sitting on hourly 50 just fyi

Trade closed: stop reached

Stopped. Closed below the daily 20. Went short this weeks in the morning so all out for break-even.

With broader markets pulling back after this run-up to the highs and big ERs coming, it's just not cooperating. I will revisit if it hits the trendline, which is also the neckline for the head and shoulders that was pointed out in the comments. Good R/R there and a great short if it does break.

fd1nfo

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