DKNG is at a possible Macro-Higher Low putting in a 4h pinbar with a small hourly flag. Will be a good stock to keep an eye on this week for potential buy opportunitites.
Here is a simple trend-line break but put into price action terminology this is a break below bullish gap- lows with a intraday retracement to potential Lower Highs (PLH). Can expect a move back down following momentum back to previous Higher Lows (HL) and further
Here is a bull flag on the 1H timeframe and if you look closely there is also somewhat of an inverse head and shoulders forming signaling equilibrium between buyers and sellers. Expect imbalance next to either direction but according to the trend there is a higher change of a push to the upside once imbalance is created.
Here is a 4h Inside bar on DKNG with a Macro trend line to support bullish bias. Be warned this trade can break below the inside bar and trigger a sell of creating another leg down. Watch for micro pull backs(5m-10m) after green level is broken for entry opportunities. CAUTION: This trade CAN takeoff at open giving no pull back entry opportunity so do NOT let...
Ugly H&S within an uptrend above weekly candle pattern breakout. Will be a nice swing opportunity and for paper handers, can be a 2 day hold for 100%+, trim at or near highs and leave runners after.
NASDAQ:DKNG has been sideways last few weeks. Now its showing weakness. On daily its an outside bar downside. A bit of stochastics divergence and 20MA starting to turn down. On weekly its a 2D and far from 20 and 50 MAs. Plan is to enter at low of Friday's candle ($24.39) and take profits at least at $23.
There looks to be another leg lower coming for $DKNG (which to me would be the capitulation leg). I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel. After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops. Good luck.
Sell Stop 15.84 LMT 15.84 GTC Buy Limit 11.82 GTC Buy Stop 18.11 GTC DKNG daily bearish hammer at Fibonacci 50% retracement wave 3 downtrend take profit to fib extension 1. Stop loss above fibonacci retracement 68%
Requested by @RocketFuel20 Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
One of the nicest setups out there right now. Won the battle at the volume shelf. Ascending triangle with advanced MACD breakout. Should steadily climb back up to retest ATH over the next couple months.
DFKNG is at resistance. If it breaks the triangle it could turn bullish however right now it looks like it should just bounce of off the resistance.
Draftkings had a major red day -8.00% today, which has it sitting at an old support level that it's touched over 4 times. If DKNG manages to maintain below 58.30 today, we could get in for puts to $56 Next SL point is $56
$DKNG looks to be forming a Cup & Handle pattern. This may be the start of the handle formation. Appears to be topped out at this $72. Looks like it will move to a short term downside to $65 before heading higher to new highs. Short Term Target: Pullback to $66-65 based on 61.80% fib level Price: $71.75 Support: $65, $70 Resistance: $72.60
So everybody seems to be buying the Draft Kings hype lately. I've been told there's a Cup and Handle forming up, good deals ahead, and so on and so forth. From the way I see it this is a time with too much uncertainty in the long term. And I think we can see that reflected on the stock price. - First we can see two trends, in yellow, forming a symmetrical...
DKNG is currently correcting. Yes, there is a lot to look at here, but just watch the Elliott Wave count and the trendlines. It broke a 2 month uptrend line yesterday, retested, and came back again. It has finished the overall upward Wave 1 move (made of 5 waves), and is now correcting down to one of the 4 green support fibs I've drawn. The 4 supports drawn are...
Investors are beginning to get spooked out of their shares due to multiple factors: COVID-19 Positive Test Results in the NFL and PIPE Shares officially becoming unlocked. Shareholders are forgetting the Major Supporting Catalysts to this company: -Exclusive Deal with ESPN/Disney -Becoming an exclusive partner to multiple Professional Sports Teams and Leagues...