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DKNG

DKNG Update Based off my previous DKNG chart, DKNG is pushing up towards the 55’s. I think with the impending 2nd lockdown coming, DKNG has a chance to have another bull run. Around the 3rd week of March when the national lockdowns began, we can see in the purple shaded rectangle, the lockdown seemed to serve as a catalyst in a bull run. As we also saw in August in the pink shaded rectangle, we saw a doji which represented a bull reversal. As NBA starts to ramp up, with the addition of Virginia legalizing sports gambling, DKNG may have a “lockdown proof” earnings in January. I do believe that DKNG is due for a reversal, so I will be looking to add more around 48.63, 46.66, and 44.78. If DKNG can maintain the 44.78 level – 50 day EMA, I think that would be a prime entry point and possible confirmation as support.
NASDAQ:DKNGLong
by itsmiguelsol
DKNG reclaim channelDKNG back in this channel with lots of upside room to run in, bounce perfect at my .618 ($38.54) and hit my first TP at 47.06 next TP is at 50.39. the cup and handle is just a prediction and what i'm seeing as a possibility don't pay to much attention to it but if you think it could happen or have any other theories on DKNG's price action drop a comment. My prediction : I can see potential cup and handle forming, if it continues to run up i can see the cup form at a minor resistance level at $52 then the handle will come down to support and take off back to re-test all time highs. if this does play out i see 64 by end of year levels are 47,52,55, 60, 64
NASDAQ:DKNGLong
by jUiCE_Trades
DKNG bull flag, can we keep pushin!DKNG has finally reclaimed my overall channel. Right now i can see a bounce at $47 (.618 fib) and we bounce to see 51 if we carry the momentum we have for the rest of the week. Volume is great, over 20 ema so i can see 51 by end of the week. If it can Hold above $47 overall move is back to $55. Under 46.50 i can see next bounce around 44 and possibly fill that gap at 42.77 but with the momentum it has, i dont see dkng going down this week but keep in mind basketball is starting in a few weeks so dkng is at a good price to go long... 2022 - 2023 Calls my PT is 52
NASDAQ:DKNGLong
by jUiCE_Trades
Draftkings Long DKNG pushed up to as high as 65 after the restart of sports, but with the recent public offering of shares, DKNG had a huge drop in pricing. I believe that DKNG is a great company to hold for the future, and this presented a potential great buying opportunity. DKNG helped the trend line dating back to April. Though this is not too long of a historical trend, in my opinion this is still significant given that DKNG is still relatively new. We saw the reversal on November 2nd off that trend line, which gives me suspicion that DKNG can continue climbing back to the 50’s. We also have good momentum leading up on the MACD. I’m looking to add more DKNG if we can reach 41.79 or 39.70 (possible downside) to average down on my shares. There is a chance we see a bit more downside before DKNG is primed. At the close of Friday’s session (11/13), the price action fell in the volume shelf where the majority of this stock has traded in the last year. I’m looking at 45.50 and 47.42 as possible levels of resistance. There is a good chance DKNG will run up to 55’s if it can break these levels. The main catalyst I’m looking at is the restart of the NBA in December and the days leading up to the NFL playoffs. This is a good opportunity as a long term hold based on the potential of the next earnings season.
NASDAQ:DKNGLong
by itsmiguelsol
THE WEEK AHEAD: DKNG, BYND, LYFT EARNINGS; XOP, GDXJ, SLV, QQQEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS: WKHS (18/146/38.8%),* Monday, before market open. PLUG (32/100/25.6%), Monday, before market open. DKNG (32/89/23.6%), Friday, before market open. CGC (39/132/23.5%), Monday, before market open. BYND (32/77/18.9%), Monday, after market close. LYFT (16/71/18.0%), Tuesday after market close. Pictured here is a BYND December 18th 130/200 short strangle that was paying 7.95 at the mid price as of Friday close, with the short legs camped out at the 18 delta. This yields at or greater than two times expected move break evens and a delta/theta metric of -.58/23.86. Alternative Defined Risk Setup: BYND December 18th 125/130/200/205 iron condor, paying 1.59 at the mid price as of Friday close with break evens at the expected move on the put side/greater than 2 x the expected on the call and delta/theta metrics of .96/2.45. Unfortunately, WKHS, PLUG, and CGC all announce on Monday before the open, so any play would've been best put on before the end of Friday's session, although they could still be playable after they make their earnings announcement move. LYFT: Short straddle or iron fly. DKNH: Short strangle or iron condor. EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: XOP (14/53/14.1%) USO (9/57/13.4%) GDXJ (16/47/12.9%) SLV (38/50/12.7%) GDX (16/39/10.9%) EWZ (17/41/10.7%) XLE (25/41/10.6%) BROAD MARKET RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: QQQ (25/30/7.2%) IWM (24/29/7.2%) SPY (19/24/6.0%) EFA (21/21/5.3%) IRA DIVIDEND EARNERS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING: SLV (38/50/12.7%)** EWZ (17/41/10.7%) XLE (25/41/10.6%) KRE (22/39/10.5%) * -- The first metric is the implied volatility rank or percentile (i.e., where 30-day implied volatility is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility as of Friday close; and the third, what the December at-the-money short straddle is paying as a percentage of stock price. ** -- Neither SLV nor GLD pay a dividend.
NASDAQ:BYND
by NaughtyPines
3
LONG DKNGNEXT PT are as following 43.80 51.75 64.51 Broke out of 38.45 Res. line and tested nicely! With Money Flow coming in and Accm. is happening while RSI is super low Next TGT is 43.13 Rising LT Support line that turned Res. Lets take it back as im sure the Masters + New Election of 3 news states trying to approve + NBA coming back before the new year = More earnings for the 4th QTR 2020. Really would love to explain more about FIB and the retracement that has happened but im sure ya'll caught up to speed.
NASDAQ:DKNGLong
by Jgo
DKNG bullish tradeThis is my long DKNG trade (which I entered) I'm taking advantage of the big dip last week, I should have probably bought the stock yesterday but wanted to be on the safe side and watch the market and how the election rolled out. Earnings are coming up on the 13th & sports betting is once again gaining traction. with only 47% of float held by institutions I believe there's plenty of room for them to start loading up again. My short term projection (for the end of the month) is $58, although I believe this can maybe go above if everyone starts herding into it again. Why I like DKNG: - 0 debt on the balance sheet - Revenue growth rate YoY 42% - Capex growth 22% - Sector: outperform (my opinion) Projected to have 42 states legalize sports betting by 2025 Sports are coming back throughout 2021 and I believe the market will price this in sooner rather than later. In addition, I believe the NBA will soon start licensing their data for betting purposes, although they already have began doing so.
NASDAQ:DKNGLong
by RaftoO