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Draftkings

DKNG reclaim channelDKNG back in this channel with lots of upside room to run in, bounce perfect at my .618 ($38.54) and hit my first TP at 47.06 next TP is at 50.39. the cup and handle is just a prediction and what i'm seeing as a possibility don't pay to much attention to it but if you think it could happen or have any other theories on DKNG's price action drop a comment. My prediction : I can see potential cup and handle forming, if it continues to run up i can see the cup form at a minor resistance level at $52 then the handle will come down to support and take off back to re-test all time highs. if this does play out i see 64 by end of year levels are 47,52,55, 60, 64
NASDAQ:DKNGLong
by jUiCE_Trades
DKNG bull flag, can we keep pushin!DKNG has finally reclaimed my overall channel. Right now i can see a bounce at $47 (.618 fib) and we bounce to see 51 if we carry the momentum we have for the rest of the week. Volume is great, over 20 ema so i can see 51 by end of the week. If it can Hold above $47 overall move is back to $55. Under 46.50 i can see next bounce around 44 and possibly fill that gap at 42.77 but with the momentum it has, i dont see dkng going down this week but keep in mind basketball is starting in a few weeks so dkng is at a good price to go long... 2022 - 2023 Calls my PT is 52
NASDAQ:DKNGLong
by jUiCE_Trades
Draftkings Long DKNG pushed up to as high as 65 after the restart of sports, but with the recent public offering of shares, DKNG had a huge drop in pricing. I believe that DKNG is a great company to hold for the future, and this presented a potential great buying opportunity. DKNG helped the trend line dating back to April. Though this is not too long of a historical trend, in my opinion this is still significant given that DKNG is still relatively new. We saw the reversal on November 2nd off that trend line, which gives me suspicion that DKNG can continue climbing back to the 50’s. We also have good momentum leading up on the MACD. I’m looking to add more DKNG if we can reach 41.79 or 39.70 (possible downside) to average down on my shares. There is a chance we see a bit more downside before DKNG is primed. At the close of Friday’s session (11/13), the price action fell in the volume shelf where the majority of this stock has traded in the last year. I’m looking at 45.50 and 47.42 as possible levels of resistance. There is a good chance DKNG will run up to 55’s if it can break these levels. The main catalyst I’m looking at is the restart of the NBA in December and the days leading up to the NFL playoffs. This is a good opportunity as a long term hold based on the potential of the next earnings season.
NASDAQ:DKNGLong
by itsmiguelsol
DKNG might be dead for awhile! Wheres the BOTTOM?DKNG head and shoulders broke out... Now, how far down can we go? next support for me is at 34.30, if NFL has more COVID cases and more games are being delayed or rescheduled we could see DKNG down to the low 30's. Right now it is sitting at the bottom of my channel could we possibly bounce off the bottom of the channel or keep running down. lots of upside for DKNG to run up in the channel but with this pandemic and political factors coming into play i'm bearish on DKNG
NASDAQ:DKNGShort
by jUiCE_Trades