DKNG x Falling Wedge x History Is Repeating ItselfHistory
- 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 (previous market hype cycle) then DKNG should peak around $82 early October before pulling back all the way to $53. With football season approaching in September, and the fall approaching, more people will be watching tv to entertain their selves and also stay warm as the weather will be getting colder.
DKNG is also expanding beyond just football. DraftKings (DKNG) on Tuesday entered into a multi-year agreement with Simplebet to launch a real-money micro-betting service across DraftKings Sportsbook.
The agreement will allow DraftKing to offer to its customers micro-betting products for the NFL, MLB and NBA, as well as a new suite of college football products, according to a statement.
The more things change, the more they stay the same. Let's watch history repeat itself and trade on the right side of the smart money, realize gains when the hype cycle reaches it's peak, and double our position size at the bottom of the pullback.
Football
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.
FUBO TV a super enthusiastic signal... will be realized ?My marketMiracle advisor returned a purchase signal on $FUBO FUBOTV at a price of 21.43 USD with a target of 134.21 USD or a potential profit of 526 %.. To be honest, I think it is a bit too much, but we are well aware of the volatility characteristics of low-cap securities.
Now, wanting to see the situation on the graph I do not feel like tracing a possible path towards the target that the advisor has given, I think a goal very far and difficult to achieve.
But I have identified a possible path that can lead to the doubling of the title.
I speak of doubling because looking for information on the fundamentals of FUBO TV I saw that in recent results the number of subscribers to their TV streaming service has doubled, so a doubling of the value of the title is certainly reasonable.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Borussia Dortmund (BVB) to break out of corona struggles 🏆BVB is undervalued anyway and hasn't fully bounced back from the corona virus hit yet - great upward potential 🏆
As one of the few european football stocks out there, Borussia Dortmund is a rare opportunity from both fundamental perspective and in regards to the corona pandemic, which naturally damaged this stock substantially. But it's time to bounce back!
With a market cap of about €500m, the stock is undervalued anyways and was on it's way to a fair price before corona hit. The player value alone is estimated to be more than €500m, not to mention the entire infrastructure and brand. Borussia Dortmund is probably the most renouned German football club after Bayern Munich and successfully toured to North America and Asia to tap into new markets. Just before corona, the club approached one billion euros in value - and since then, not much has really changed.
Empty stadiums have hurt the club and cost about €2-3m each game which explains the moderate losses reported in recent quarterly reports. But with the great progress of the German vaccination campaign and established concepts that were tested in the beginning of the pandemic, which allowed at least parts of the stadium to be filled with fans, we can savely assume a return to "normal" games and stadium capacity with the next Bundesliga season in August.
Borussia Dortmund is famous for great talent management and player transfers. The two most valued Bundesliga players belong to Borussia Dortmund - Haaland and Sancho - and while a sale of either or both players would not be favoured by fans and could impact the team's performance for a short while, it would do wonders for the balance sheet. Other young players like Moukoko and Bellingham, 17 and 16 years old respectively, haven't even taken off yet and will bring either great quality to the team, resulting in titles and price money, or can be sold at a massive profit in the next years.
To sum it up: The club has suffered from the coronavirus crisis and hasn't fully bounced back yet. The market cap is below the team's value alone with the brand intact and a great long-term outlook. Short-term, the team is on the verge on collecting a national cup title and securing a spot in next year's UEFA champions league.
Paris Saint-Germain F.CLooking very strong here. One of the best fan tokens on Chiliz/Socios right now. Compared to BAR or ACM or JUV... because PSG is still in the Champions League, people could keep on buying and the trend looks very strong.
$DIS will break $200 in the very near futureWith the recent deal that Fox made with the NFL (go Niners), I believe that this makes Disney a lock to break all-time highs very soon.
I have Disney on my 7 wonders of the stock market list (available upon request), so not only is this a safe bet regardless of securing NFL TV rights, but this simply secures Disney's position for the long term as well.
I believe that we will see a $220 DIS price for kickoff of the NFL season. Come back to see this post when that happens!
Simple trend spot, once it breaks the downward sloping resistance, it will fly.
Good spot to buy now, if not wait until first support and load up.
Disney is not going anywhere folks...
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
VIACOM IDEAViacom has been in an uptrend since March, and I think this week will test this uptrend. The trendline has grinded the 50 EMA over the previous two trading days, but did finish the week on a strong note.
I will be looking for the trendline to break ~28.57 as resistance, and looking for an entry point at ~29.10, with stop loss at 25.03.
If successful, I can see VIAC running up to 31.49 especially given earnings season. ViacomCBS has been one of the main broadcasters of NFL, and the public has been more intrigued than ever this season given the pandemic.
DKNG looking to boom (my personal favorite)DKNG Daily Chart ....DKNG sitting in the middle of my channel, forming a bull flag and looking to see it bounce off $46.28 (.618 fib retrace ) and break out the bull flag up to $60 within these next few weeks. With sports entertainment starting up or for some, still going on strong, DKNG has potential to keep running up. Keep in mind any shut down of sports or significant increase in Covid cases could lead to DKNG dropping.
NETFLIX NEEDS TO BUY ViacomCBS (VIAC) - GREAT COMBINATION! The mega deal, CBS / Viacom, is finally done but now we have ViacomCBS sitting at just 5x earnings.
Netflix could gobble up ViacomCBS without hesitation.
If Netflix bought ViacomCBS (VIAC), it would create a mega media mogul. With the purchase of ViacomCBS, Netflix would cut it's royalties / expenses because it would then own a mega selection of content.
Also, with ViacomCBS in the sport betting industry, Netflix could open up sports betting in its app. which could generate billions in profits for Netflix.
National Amusements / The Redstone family are in full control of ViacomCBS and with that said, the family is always looking for the next mega deal!
Netflix has a market cap of around $162 Billion while ViacomCBS is sitting at around $21 Billion.
Netflix could swallow up ViacomCBS without a blink of the eye and create a media giant that almost no other could compete with.
A letter was recently sent to the Netflix board of directors asking the board to look at purchasing ViacomCBS and cut the cost / expense of royalties Netflix pays out for content.
Lets see what happens!
DISCLAIMER
This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from
negligence, accident or any other cause.
Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice.
In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.