DKNG: Update
I currently own 1/4 of my position with an average cost of $41. We are at a critical point represented by the red line:
Bearish below $44
(x) Add another 1/4 at $39-43, I am not certain how low we will go so odds are once we touch the 150ema on low volume we will bounce
Bullish above $51
(x) It'll take a miracle (or a HF) to bring this back to $51 this week or next, so I'm not too bullish at this moment
I'm looking for stronger volume in the coming month, however I will add to my position below $43 regardless of volume.
My EOY PT: $66-75
Bearish below $44
(x) Add another 1/4 at $39-43, I am not certain how low we will go so odds are once we touch the 150ema on low volume we will bounce
Bullish above $51
(x) It'll take a miracle (or a HF) to bring this back to $51 this week or next, so I'm not too bullish at this moment
I'm looking for stronger volume in the coming month, however I will add to my position below $43 regardless of volume.
My EOY PT: $66-75
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