DKNG - Draftkings Deep Crab Harmonic Weekly setup.DKNG - Draftkings, perfect harmonic deep crab setup with the 161% PRZ being respected and a nice bullish engulfing on the weekly to trigger entry. long with T1 @ 34.50 T2 @ 49.95 SL 9.65 RR @ T1 = 2 : 1, RR @ T2 = 3.88, SL moved to break even at T1 and half profits to be booked. weekly setup so patience required as setup will take a while to play out.
DKNG
DRAFT KINGS - BULLISH SCENARIOA new bullish impulse is coming for DraftKings after Monday's breakout of the local resistance level.
More than 50% profit potential and a price target of $24-$25. It seems like a hot deal with an excellent risk-reward ratio
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DKNG (ABC corrective wave to finish?)
Looks like we located a potential market anomaly on the daily timeframe . Price is in a range and could breakout. However, this also looks like an "abc" corrective or potential impulsive wave. The anomaly was located near the wave B extension where wave A originally started ( bearish candle, bullish volume ). If price passes the start of wave A before the bearish move, there could be signs of a breakout to the upside. Looking for price to test the low or surpass the low of wave B between 100% to 161% (if impulsive). The RSI and MACD are both matching the top side. Happy trading! Not advice. Only an idea.
DKNG Nearing breakoutDKNG is one of those cult stocks where a lot of eyes were on this name during last year. Now it feels like most people abandoned this name and already gave up on it. So real good for a breakout chance. PENN already broke out today. DKNG can follow it.
Above 14 can see 14.64, 15.54, 17.20
Jul 20 15C can work
$DKNG Not a big gamble hereKeep it simple.
High volume since the end of January.
Divergences on every indicator (RSI, OBV, MACD).
Resting on quality support near IPO levels.
IF and ONLY IF the overall market decides to go lower, 14.50 will be the absolute low.
PLAN: Half position here and DCA to 14.50 if it arrives.
27.5 target by June.
DraftKings (NASDAQ: $DKNG) Breakout Likely Into March Madness!🏀DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily fantasy sports, sports betting, and iGaming opportunities, as well as media and other online consumer products. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. In addition, the company offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated initial non-fungible token drops; and advertising and sponsorship services. It distributes through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. DraftKings Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.
DKNG Under $20 buy round #2Update prices for draftkings after the most recent movement
Trends are showing the possibility of another under $20 buy with some decent upside coming up.
Buy in somewhere between 18.95 and 19.59?
Should be a nice return on such a big drop, but there will definitely be resistance in the climb.
$DKNG 22 YEARLY BEARISH REVERSAL Dkng - The Strat
Dkng has a 22 bearish reversal on the yearly chart.
Head and shoulders on the monthly
We have Full time frame continuity to the downside.
If you're in options contracts I think you could get a 10p 3-6 months out and hit this PT.
If you're looking to buy the dip. I'd wait to see if it falls below that 10.60 level. Set an alert and wait for a confirmed bullish reversal - which will prob look like a double/triple bottom.
DraftKings (NASDAQ: $DKNG) Could Be Your Royal Flush 🃏DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.
DKNG UpsideAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020 - April 2020. We can see that shortly after this bounce occurred there is a strong indication of a bullish macd crossover in unison with RSI moving out of oversold territory. On the 1 day chart we can see that DKNG is now in an ascending price channel and I expect some decent upside over the next month or 2.