DKNG is a solid large cap with great price action. Today it drained 5% and then put on the stopper. Price reversed and stabilized in the afternoon session. The fall was to below the second lower VWAP band in deep undervalued territory. I see this as a chance to pick up DNKG at a 10-15% discount for a long trade. The dual time frame crossover of the faster...
History - June 9th, 2020 - Aug 5th 2020 = Falling Wedge - Aug 25th, 2020 DKNG broke out of the falling wedge - Aug 25th - Oct 2nd, 2020, DKNG had a market cycle of 81% gain Present Day - June 9th, 2021 - Aug 5th, 2021 = Falling Wedge - Aug 6th, 2021, DKNG broke out of the falling wedge Analysis - If we overlap ghost bars from Aug 25th, 2020 - Oct 2, 2020...
DraftKings is an American daily fantasy sports contest and sports betting provider. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player and team performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League soccer, NASCAR auto...