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DKNG

Watching DKNG for bounceAs 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 a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the emergence of the Draftkings sportsbook and casino in numerous states across the U.S I think it could be a good time to enter into a position. (RSI oversold and MACD crossover indications are very bullish on 1 week chart)
NASDAQ:DKNGLong
by dzmiller39
DKNG: another bounce candidate?DKNG : Some pros and cons to play a potential bounce. --Big Wyckoff distribution on weekly and daily. ++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through) ++ Bullish RSI divergence on daily (that you can't see on my weekly chart) Since I like the set up I will look for an entry today, but only for a swing trade (maybe 1 or 2 weeks max ). My target is around 33-35 . Be careful below 27. Trade safe!
NASDAQ:DKNGLong
by Elpidaldo
19
DKNGDraftkings Inc (NASDAQ:DKNG) The stock is bouncing after seeing weeks of strong downward movement. While DKNG's short-term trend seems to have reversed, a close above the pivot pocket 28.80 could lead to more relief and confirm the possible bottom. I think we could see more gains next week as the heavy volume of the last two days should attract some more bottom feeders. As I tweeted on Thursday I took a position around 24.5 and doubled it on the break of 25 looking for an initial target around 30.7 Lets see what Monday brings us.
NASDAQ:DKNGLong
by SmoothJB
DraftKings (USA: $DKNG) Could See An Epic Bounce Into 2022!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.
NASDAQ:DKNG
by Bullishcharts
13
Relevant levels on DKNG and trading opportunityToday we will take a look at DKNG. The first thing to mention is that the price has reached a significant level composed of a support and a cloned trendline of the current descending movement or corrective movement. From here, we can see an inner descending trendline inside the correction (yellow line). That trendline is really important to provide us with information about a possible change in trend. The main thing I'm looking for before confirming a change in trend is the next sequence. -Breakout of the yellow trendline -After that, I want to see a correction with similar proportions as the red line I draw. That's the main trading opportunity towards the bullish target IF that correction happens, developing setups on its breakout may be a good setup with a risk to reward ratio higher than 2. However, at the moment, that's far from happening. The last element of this analysis is: What happens if the price keeps falling? Then we should pay attention to the next support level at 11.00 as a possible target. Thanks for reading! Feel free to share your view in the comments.
NASDAQ:DKNG
by ThinkingAntsOk
DKNG $100 IDEA, if this trend can't hold, look for sub $40 Current trend and past trends are all leading to a similar point (sometime in Feb), plus we had a nice little drop on earnings which could have put this stock on a really good path up to $100. People love to gamble, and DK is spending a lot of advertising. Will it get there?? I'm not sure, however.. It's not crazy to think DK and Penn start to run again this month. I've marked some important points to take note of on this current trend, including one on the 9th.
NASDAQ:DKNG
by nicktussing77
$DKNG long V recoverySorry Jim Chanos, you're just dead wrong about this one. You might be right about WYNN tho. Go long DKNG. Looking very attractive right here and appears to be forming another V recovery. The prior V recovery brought DKNG to its ATH of $74.38. This could send it to those levels for an initial test and then hopefully an eventual breakthrough. (They usually don't break through prior resistance on the first try) Draftkings launch into the NFT space partnered with the NFL right before the Superbowl should make for a very fruitful quarter.
NASDAQ:DKNGLong
by EBITDAtiger
3
LT Swing Position for Draft Kings Inc(DKNG)Currently, I see Draft Kings Inc( DKNG ), coming off a Head & Shoulder pattern on the 4hour, Daily and Weekly time frame. Before my further analysis, all the information will be accurate with each of these time frames. The Fibonacci levels I have marked have been respected by this chart. DKNG could be coming down into a supply zone within the ranges of $34.39-$30.75 and act as a potential support. This range could also be used to down cost average the position. If $30.75 is broken, the technical analysis is broken and the position exited. The fibonacci levels would be used for take-profit levels such as 0.786($42.87) for the first, 0.618($49.57) for the second, and so on. DKNG missed its previous earnings report(11/5/21) and could be priced in already. With the sport seasons having started, DKNG could likely react bullish on the charts with its next next earning report also being beat. As well, there have been rumors of companies such as Disney and others looking to purchase stakes in sports betting companies( Bullish for sector), with DKNG being a viable candidate and a likely one. LT Swing Position DKNG (Shares, Possible option leaps) Risk: 3.5/5, DKNG has yet to reverse or show any signs of reversal *Trade with your own due diligence and discretion!*
NASDAQ:DKNGLong
by Red_Ink
Bearish Long Term Head and Shoulders on DKNGDraft Kings looks to be breaking down under the neckline of a long term head and shoulders pattern. This is extremely bearish and suggests a target in the $15-$20 range based on the height of the head from the neckline. Possible retest of the neckline before the crash. If the neckline resistance holds, look out below. If DKNG can break through the neckline with confidence, the pattern and trade setup could be invalidated. I personally prefer to wait for the neckline test before entering a position.
NASDAQ:DKNGShort
by ImportantImports
10
DKNG - HIGHER WATCHLIST THAN ANY OTHER STOCK HERE All, Put DKNG top of everything on your watchlist. HUGE demand area down here first long term retest. Confluence support trends downard that have popped 20-50%. I HIGHLY suggest watching DKNG over almost any stock in the next few weeks. I think DKNG once it bottoms here 3-6mo out will get you 200-300%. Just be patient or scale in in 30-32 range. Watch for options activity + big candles (hedges,insiders,tutes) buying in. I promise DKNG will return, sports will NOT stop due to COVID. Even Biden clearly said shutdown is not happening.
NASDAQ:DKNG
by DigitalData
7