DKNG
DKNG - UPDATEAPPROACHING .50 RETRACE. I HAVE A TARGET OF 26.35 ISH TO SUPPORT LINE ? LET'S SEE WHAT HAPPENS. BOUT TO BE OVERSOLD ON DAILY AS WELL.
Draftkings potential H&S based on price action/structureBased on the structure I'm seeing with DKNG I think it potentially develops an H&S construction. Whether it does or not, I think current levels are a good entry point.
DKNG - UPDATEBROKE STRUCTURE....LET'S SEE WHAT KIND OF FOLLOW THRU PRICE ACTION WE GET IN THE NEXT WEEK OR SO.
DKNG - UPDATECOULD BE BACK TEST ON BASE LINE OF DOUBLE TOP PATTERN. KEEP CLOSE EYE OUT. THE MEASURED MOVE OF THE BASELINE BREAK IS JUST UNDER 27.00 . BE CAREFUL
DKNG - I Am Buying the DipDKNG
CURRENT POSITION (Friday Entry) = 21AUG20 35c x10 @4.90
Adding to position with shares and/or options if it dips to 31 (100ema 4hr). Building a long-term position to hodl but will also continue to swing and scalp as long as it gives us that pleasure.
The Inverted Head & Shoulders is obviously purely speculation but technically speaking it is setting up for a LONG.
Plan accordingly and be careful with the extreme uncertainty in the markets.
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
DKNG - UPDATEON LOWER TIME FRAME.....DOWNWARD WEDGE TOUCHED FIRST FIB TARGET SHOWING BULLISH DIVERGENCE ON ONE OSCILLATOR.
DKNG - SO FLAG THEORY DEBUNKED IN SELLOFF. FIB LEVEL RETRACE IN PLAY NOW? 23.58-31.66 POSSIBLE RANGE FOR PULL BACK.
DKNG - LONG SETUPOk. ...been a long time since i posted a chart since i haven't been trading much, i've been more investing and not selling lately. But here's a good one.
DKNG. found support on lower portion of bull flag pattern. Should see some nice upwards movement from here.
DKNG Analysis Symmetrical Triangle + Ascending Triangle + Bullish Momentum + Time Frame Confluence + Volume Spike + Fib Golden Zone
Drawing the trend line from candle closes we have already broken out based on volume
DKNG Analysis Symmetrical Triangle + Ascending Triangle + Bullish Momentum + Golden Zone + Volume Rise
$DKNG DraftKings Rising Wedge$DKNG DraftKings Rising Wedge
Watch for break of lower trendline in coming days. Short target $35.50
Note: Not investment advice.
DKNG might have a pullbackI hate to see the days of this long money print machine getting choppy. $DKNG just made people so much f*cking money on the long side it's hard to bet against. But we are starting to see some chop and I wouldn't be surprised by a temporary pull back. The real question is, is this coiling up for another explosion higher? If you think it is, might be a good opportunity to get in if you've got the stomach for it.
DraftKings $DKNGEntry $38.5
S/L $34.21
TP1. $42.79
TP2. $50
12 months Consensus Price Target: $39.75
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
