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DKNG

DXY is starting to turn bullish! DXY or the Dollar Index is a measurer of strength in the USD and is weighted against currencies like the pound and the Yen. DXY is currently in the downward wedge with a triangulation wedge too, which could mean a breakout is going to happen. There is also a correlation of stocks and the DXY as when stocks rise, the DXY drops and when stocks fall, the DXY rises. This could mean strength is starting to pick up as this could mean that stocks could fall. Just a suggestion. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading and investing!
TVC:DXYLong
by informalStar16695
2
AAPL now is a BUY! A pattern has emerged again as it has consolidated a bit and now it is gonna breakout! Reasons? 1. AAPL has been rumoured to add Bitcoin as a type of payment, which could skyrocket the company as it introduces a whole another audience and investors into the company. A consolidation pattern has emerged as you can see from the green circles, which means a breakout is imminent. 3. The MACD has crossed so many damn times! Warning! I am not a financial adviser and take this with a grain of salt! Happy trading!
NASDAQ:AAPL
by informalStar16695
6
AAPL gonna squeeze to the top! The wedge pattern shows an apparent converging point and it means that a blow-off top will occur now! The MACD keeps crossing and crossing and crossing again and again as to signal a big move up but recently, the hype for an apple car was suppressed by AAPL as it shut off talks with Nissan. What will happen? A big move up of course! Warning! I am not a financial adviser and take this with a grain of salt. Happy trading and investing and stay safe everyone!!!
NASDAQ:AAPLLong
by informalStar16695
DKNG long term accumulation periodSo everybody seems to be buying the Draft Kings hype lately. I've been told there's a Cup and Handle forming up, good deals ahead, and so on and so forth. From the way I see it this is a time with too much uncertainty in the long term. And I think we can see that reflected on the stock price. - First we can see two trends, in yellow, forming a symmetrical triangle that broke downwards on December 28th. - Price is directly testing that 50 MA (red line). Moving averages act as a good form of dynamic areas of support and resistance. Just by looking at previous price history we can see that every time bulls failed to hold that level at the 50 MA, prices fell down dramatically for a considerable period, and conversely when bears didn't hold that spot, bulls started rallying. - We have several indicators already, or about to be, giving bearish signals (MACD, RSI, Stochastic). On my screen, we can see the price falling and currently trading inside the Ichimoku cloud. My take is that if we lose this level of weekly support, which coincides with the 50 MA support, price is gonna keep dropping steadily for a while. We need just another failed retest of that descending trend-line acting as resistance (yellow) to confirm this theory - which is also forming a descending triangle. In cyan blue arrows the path I think price is gonna follow. I believe that if we do form a descending triangle it's gonna signal a price continuation - best time to buy is gonna be when price squeezes near the end of the formation. Could be wrong. Maybe the hype is real. Maybe that decline of volume over time is signaling a local bottom on that weekly support. We'll see. Best of luck, lads.
NASDAQ:DKNGShort
by Crypto_boi
Ark just added DKNG; go longArk just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share. Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting event of the year. They are going to knock the cover off the ball. Expect a lot of options activity around that time which should help to provide a slight gamma squeeze. Fundamentally, they are beginning to penetrate new markets and take share from the black market as more states legalize. It's truly all downhill from here from Draftkings. Best pureplay on Sportsbetting/Sportsbooks. If Ark and Cathy Woods a.k.a. the "Money Tree" are throwing their weight and reputations behind DKNG, I would NOT hesitate to follow. Buy under: $65 Midpoint to sell half: $80. Long-term price target: $100.
NASDAQ:DKNGLong
by EBITDAtiger
5
$DKNG and $PENN - Betting on BettingFor anyone who remembers the death spiral of March 2020 with $DKNG trading at $10.60 and $PENN trading as low as $3.75 you are either riding the wave or watching in wonder. Even with the impossible runs both have taken off their 2020 lows many debate where this “sports betting” trade will go? Some points of consideration: Size of Market Since the PASPA repeal in May 2018 approximately 50% of the U.S. has some form of legalized sports betting. This number is a little misleading as a state like New York is included even with the very limited access to betting markets through Tribal agreements. When you consider California from a strictly GDP perspective you are talking about an economy roughly the size of the U.K.. And when you look at California, Texas, New York and Florida which are all starting to lean into true legalization conversations you are talking about 36% of U.S. GDP in those four states alone. The other major component when trying to figure out total addressable market is the black or grey market for sports betting. The legalization of sports betting did not create a new market for sports bettors, it simply created access to one onshore in the U.S.. The debate for how big the black market is a fair one and only one part of it, the other is how long until it can be migrated onshore if at all. When looking at market caps and market share it is clear that the original assumptions of the market were too small and are a major reason for the sustained push higher in the gaming sector with $DKNG and $PENN clearly out performing. As new states come on it should make you reconsider the true size the market to better align price targets. Nielsen 2.0 Many debate the true value of both $DKNG and $PENN because those familiar with the sports betting industry understand that a sports book typically is a very low margin business (5-6%) that requires major expenses to acquire new customers with cost per acquisition being reported well over $1,000 per depositing player. If we take a step back and look at what a digital solution will offer operators we can begin to see the forest through the trees in how sports book and large gaming operators will be positioning themselves over the next 3-5 years. In one word, data. If we fast forward to 2025, who will know more about the sports fan than $DKNG and $PENN? Who will have access to mold and monetize the fan experience? When I was a kid I would watch Sportscenter on repeat. Today, these companies know every key stroke we make. The value of that data defines the true value of these companies in my opinion. Conclusion If you stop to consider both $DKNG or $PENN as marketing companies who are attracting players for other products like igaming or hospitality you can begin to see a true path to what I believe they are working towards. The recent M&A across the gaming and media space is a lesson in effective distribution. The momentum has been started with COVID and the March 2020 lows with digital channels becoming critical to future success. The sports betting trade continues to be bullish as it will lead to much more than a single bet. Remember, as the old time gamblers will tell you, “sports betting is only the thing that gets you the thing”. Author Scott San Emeterio CEO, BallStreet Trading - Hosting real-time markets on live sporting events. Real-Time Super Bowl Markets with Top 100 traders winning $20 each - Free to Play
Editors' picks
NASDAQ:DKNG
by playBallStreet
31
DKNG Run up into Super Bowl & ERDraftkings has seen a lot of action with lots of sports fans betting on various games recently. With new announcements, like their recent proposition team-up with Bleacher Report for a Super Bowl LV deal and over 200 varieties of prop bets for the weekend. DKNG also announced they have had 4 consecutive months of $100 billion+ in revenue, which bodes well for the company going forward. The stock is picking up momentum, gaining lots of buying volume, with RSI on support. After trying to break out of the symmetrical triangle recently, DKNG looks prime to move into the 60s+ once again. PT1 62, PT2 ATH, PT3 71-77
NASDAQ:DKNGLong
by Samirp01
2
$DKNG Bullish ProjectionAs we can see, Draftkings is finally waking up after months of healthy consolidation. Look for this stock to surge upwards in price in the near future, besides the profitability of the sports betting industry - here is my reasoning. Price testing at the final Fibonacci level the .236 (roughly $57.26 price level) shows this bullish divergence and once it breaks through this level we will see a jump. Furthermore, as we are on the daily looking at the RSI levels we can see two bullish confirmation signals in the two "W's" in RSI that I have pointed out - both further my reasoning for a bullish run upwards in Draftkings. Price target $65+
NASDAQ:DKNG
by AndrewRoupas
DKNG !! this is going to be BIG !new legislations are coming Draft king is a fairly new player on the market through a SPAC merger with Diamond Eagle acquisition corp, and it's an American sport betting operator and it even allows users to make bets on players' performances in all major sports. In the list of investors, we can find names like the legendary Michal Jordan who is acting as a board advisor for the company as well. So with new legislations coming in the Sports betting and iGaming field in the US, we expect great things from this stock, even though it is traded 360% higher than on March 20. Today they got a rise in target price by Goldman Sachs to 65$ along with Morgan Stanley while saying “the new legislation will pass in over 12 states and will bring an upside to the stock price and of course company revenue! The legislations are due for Friday in Michigan and potential stats to follow are New York, Texas, Massachusetts, Georgia, and Ohio, and we will update our group live once official news comes out. Let's look at Technicals: So usually I will divide my target price on a stock into 3 or more parts but in DKNG it’s a bit different. The volume readings are showing us a volume uprise to 60M in its highest high of 64$ at the beginning of Oct 2020, and the current volume readings are between 20 – 50 Million. Why is that out of the ordinary? usually when you look at a stock rallying up the volume will take off to a new high and then drop massively – this is not the case with DKNG – the volume stays very high with as low as 20M and high as 50M, which tells me the sentiment on this stock is still in its peak! and today after the Goldman and Sachs price upgrade the stock will rally up more! We cannot see the stock entering the 45 and below levels that will mean we are looking at a massive correction hence, it’s a red square on the chart that cannot be touched! what we see is the stock accumulation rising steady and safely – this is NOT a parabolic rise as the stock corrected and stabilized on its current price – this means you are trading a “safe” stock relatively speaking of course. We give DKNG a target price of 70$ as the first target and a target price of over 150$ by end of 2021… this may sound high but sports betting online services usually have BIG revenue and relatively low operating costs. We at FDGT are very bullish on the stock and we will keep updating our traders in the group about it Trade safe, and be safe!
NASDAQ:DKNGLong
by FDGT_academy
1