DRAFTKINGS - Inverse Adam and Eve - at supportkeeping watch - near term covid sports headline risk - mid-term I am bullish. by Pennywick0
Relative strength in Draft Kings as it revisits a key zoneI just updated the post below explaining the importance of finding stocks with relative strength in market weakness (click the chart and scroll all the way down for the update). DKNG is a stock I've kept my eye on all day today and initiated long positions at 42.50, 43.3, and 43.70. This is my last analysis on DKNG: Longby LanmarUpdated 6616
DKNG Long SwingDKNG on macro channel low and holding daily ichimoku cloud support, 60% upside 4% stop loss risk. Chiko span (green lagging span) crossed sept 15 price action today, as well as a bullish conversion/base line cross (blue/red), both signaling a reversal. 10/14 share sale likely fully priced in now, given no further bad news I am expecting a run up to earnings on Nov 12. T1 - $52 T2 - $63 (ath)Longby JesusHentaiChristUpdated 1
DKNG Retest w/RemountDKNG had previously broken out of the 44 level and raced higher over the next several weeks after it broke that level. It has now retraced completely all the way back to that previous breakout level. It has also remounted w/a doji hammer which shows reversal signals. I believe this is a good entry now that it has retested and remounted over 44.Longby BBTrader291
$DKNG - PT $27.5$DKNG head and shoulders short idea to 27.5 - waiting for final rejection at 46.5 for entryShortby ChekDaMethod111
DKNG breaking out from downtrendDKNG long wick on day candle shows very strong support, power run on the 1m chart in power hour. DKNG gap coincides w/ fib retracement 0.618. this is a great setup if we break out from trendline tmr.Longby UrBullishGrace0
DraftKings best entry price 10 Oct 2020Healthy uptrend with 40% retracement with a bullish pin bar and heavy buying volume entry signal. It is a good buy and hold stock. Longby HX_Fund1
DRAFTKINGS - Share UnlockScouting a potential short-covering event. Inverse H&S on watch.by Pennywick0
May be a nice 'spring day' tradeToday's trading day saw strong support which drove the price back up and resulted in a green day over all. Tomorrow would confirm the reversal but this may be a spring day, where tomorrow and the day after may be nice and green. Volume is high. This had been taking a beating for a bit so this can be argued to be a 'buy the dip' opportunity. I am looking into what call options are priced in at. I may not enter the trade at all though. I would need to find something longer term, and not priced in. Thats what I am looking for tomorrow, and if it opens at a gap up then forget it altogether. by tsx_trader0
DKNG LongLooks Bullish to be if we can hold 40 .25 and 41.75 zone. For breakout look for high volume at 45; pt1: 48 and pt2: 50Longby KooShall1
$DKNG. Long position. Target 1) 59.10Stop Loss 40 .00 Target 1) 59.10 Target 2) 63.50 Longby TanoTrader1
$DKNG DraftKings at Support, Bullish Options$DKNG DraftKings bouncing off support today just under $42, forming a possible bullish hammer on the daily chart. Bullish near term options activity today with $1.4M of $43 strike (ITM) calls expiring this week traded (30x open interest) Near term target: $55-$57 range by mid-November Note: This is NOT investment advice.Longby Triple_Barrel_CapitalUpdated 115
Reaching the most critical level!Closing below 43.70 could cause severe damage to the bullish trend, Elliot wave analysis 🧐 needs to be done! 3 major impulse wave and 2 major correction is obvious in the last year!by Moshkelgosha0
$DKNG ABC Falling WeddgePrevious TA suggested a HnS, invalidated by a slumping right shoulder. But still expected this to drop to these levels, Nearing bottom of channel, hourly stochs Over Sold and rebounding. Falling Wedge Top Trend Line still holding resistance. Expecting a bounce in the coming weeks. ANY Stim or Vaccine news and the NFL will blow up, not too mention college ball is getting VERY popular.Longby Alienworkshop111
DKNG invalidates last elliott count, consolidation near 39-42Previous count in now invalid because of break below wave 1 high, looking for a consolidation before beginning another count. I stopped out of my position, so I will wait for a more clear sign before I make a reentry. Copyright Rohan Karunaratne 2020by UnknownUnicorn40179591
draftkings possible falling wedgeim not getting long until tomorrow since the insider shares are getting unlocked tomorrow, not sure how much selling we'll see. but if it can break out of the wedge i doubt theyll sellLongby lofihenny110
Maybe?IF it holds here. this would be a good entry. Im looking to add to my position.Longby HawaiianMaxxUpdated 0