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DKNG

DKNG SCALP OR DAY TRADE - SHORT TERM CHANNEL PLAY BOTH SIDES!DKNG has a lot of price action on the bottom half of this channel. Use 30 min time frame for entry and exit. SHORT SIDE Based on this, short term analysis, DKNG is at an uncomfortable level and will retrace down to bottom, at it's comfort zone. Confirmation: stoch crossing below 80, and bearish candle. EXTRA confirmation - Volume below 20 MA. As long as volume stays below 20 MA, trend bearish. Or jump the gun, and hop in now. Key level of support area is around 62.95 Watch for bounce or break. Break, next support is bottom of channel at 61.45. LONG SIDE - Set STOCH OS to 40 instead of 20. Wait for bounce on bottom of channel. Confirmation = bullish candle and increasing volume over 20 MA. Cross up 40 on stoch. Play to upside of channel. First area of resistance is middle line at 63 range. DAY TRADE or Scalp - Moves pretty fast in this channel.
NASDAQ:DKNG
by TrainerHeather
DKNG Reversal or Upside BreakoutOn the weekly chart it seems a possible head & shoulders pattern is forming if we cannot break above 63 with increased bull volume to test all time highs. Although price is holding above the 10/20/50 moving average nicely on the weekly with a nice spike in bull volume which could give it some momentum to test resistance at 63 and possibly breakout. If we test resistance & bear volume starts to kick it heavy we could look for a short position with a stop above 63 and a target profit at moving average support. If the neck line is broken below 50 this will confirm a head & shoulders reversal. Also I notices bearish divergence on the weekly RSI that should be taken into consideration. This means a possible downtrend or reversal is near due to the loss of momentum in the trend. If we can break above 63 with increased bull volume we could potentially see all time highs. I will be on the sidelines waiting for a break above 63 or a break below 50 What are your thoughts?
NASDAQ:DKNG
by BillyTradesFutures
$DKNG same Target 63.64 $DKNG New Target 63.64 Literally, nothing has changed… good luck on your draft picks… haha ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NASDAQ:DKNGLong
by SPYder_QQQueen_Trading
3
IWM: Breakout or RejectionIf anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK, NVTA, APPS, M, FUBO will be affected accordingly. Plus, Jerome Powell will be speaking tomorrow at Jackson hole. Be mindful.
AMEX:IWM
by yflaw1018
$DKNG looks ready, break of box to confirmTechnically DKNG needs to break volume shelf to see a significant move to the upside, otherwise it may retest 51-48 zone. However given the push through the AVWAP (purple line) from the highs and a close above 200MA (black line), a move to the upside is more likely IMO. Also appears to be completing phase D Wyckoff Accumulation. Rejection of the 200MA or a false breakout would indicate a move back into the channel/ more consolidation. I'm long 10/15 $60 calls at 1.6 just trimmed at 2.3 holding remaining to possibly catch the breakout.
NASDAQ:DKNGLong
by FriscoTrades
DKNG: Inverse Head and ShouldersDKNG broke out of the strong resistance triangle of $55 nicely today. Seeing an inverse head and shoulders on the long term chart, could possibly break into $60 in near future.A nice uptrend formed with higher highs and higher lows. Bullish trend. But beware of the resistance at $59/60 supply range. Plus Jacksonhole meeting on Thursday and possibility of taper talk on Friday FMCO. Nice Volume, with RSI hitting 70, MACD crossover on positive DKNG will be in focus in September as Football betting season starts. Expecting next quarter earnings be better than this quarter thus will be a good catalyst to push DKNG back to $60 range. DKNG will be a good hold for mid/long term.
NASDAQ:DKNG
by yflaw1018
3
DKNG headed back to the $60'sMy projection is based on previous moves from higher lows to higher highs. In an trending market DKNG moves 20-30% from the higher low to the higher high in 7-10 trading days, then retraces for 2-4 days to make a higher low. My forecast is $63+ by Sept 3rd. Buying Sept 10th ATM calls when DKNG retraces and touches the trend line. Football season will be kicking off Sept 9th which should a positive catalyst. Has no impact on my analysis but doesn't hurt to have tailwinds behind a thesis.
NASDAQ:DKNGLong
by chaseflores10
DNKG: Many interesting patterns to watch this week!Hello traders and investors! Let’s see how DKNG is doing today! The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level. Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29. DKNG is following the Principle of Polarity too. Yes, it is a bull trend, and we have a good bullish reaction above the 21 ema, but the challenge is to defeat the resistance at $ 53.38 (red line). The daily chart looks interesting. We are not in a bull trend, but at least the trend is not bearish anymore. We are in a congestion , and the 21 ema is flat, but this Inverted Head & Shoulders chart pattern is a good sign. The $ 51.25 was a pivot point , but it seems the $ 53.38 is a strong resistance, along with the $ 56.07. I see some early signs of reversal, but the situation is risky . Of course, higher the risk, better the reward. If we lose the $ 51.25 along with the 21 ema the congestion will prevail and DKNG will keep moving erratically. If this analysis helped you, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:DKNG
by Nathan_The_Finance_Hydra
1