DRAFTKINGS CHARTWith DKNG earnings coming in 3 weeks weeks 2/17 currently above trendline looks like rising wedge. Price target 17.5-20.00 Swing play Longby King_Isaac_3
DKNG Institutional bottom buyer?As always, this is just my personal opinion on the stock, It is not a recommendation to buy or sell. I am solely laying out what I see and how I plan to trade it. Good luck!Long07:03by mbalboni105
Draftking - Bullish return is likely After a period of accumulation in July, the corrective downside after the peak seems to be corrective. Piercing line candle was seen hovering above the key support at 13.50. There is a short-term potential upside towards 15.45 as the first target. Long-term support remains at 11.74-11.10.Longby William-tradingUpdated 3
DKNG Short on Daily 2-2 RevDKNG has a nice 2-2 Rev on it that will trigger the flip of TFC on the weekly to give full TFC all the way to the monthly lining up. Looks like a good daily play for smaller accounts looking to grow with minimal financial risk.Shortby Yourboydc1
$DKNG another leg lower. Bottom between $3.93-$5.42There 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.Shortby benjihyam441
How is DKNG here?I never would have believed DKNG to become an 11 dollar stock. At this point it seems like it can go even lower. DKNG at this range is a gold mine for long term investment. LONG TERM: This stock can definitely go back up very quick but currently it's getting a beat down. Once it beats this 17.48 range it'll move up to 27.79 VERY fast. This stock is definitely an easy $40 dollar stock. SHORT TERM: I don't like the way this stock is looking for short term. It needs to squeeze and set some real support on this 10.54 mark before working it's way up to test that tough 17.49 resistance.Longby KinCobaltUpdated 4
DKNG has bottomedIncredibly, one of the largest head and shoulders patterns I've ever seen played out perfectly and entirely, and we are now trading at levels not seen since late 2019. There is massive support down here and I expect this stock to have fully bottomed around this area before beginning a new uptrend within the next month or two. I'm going to hold this one for a few years, add if it drops any further, and take it to the bank. If you want to be save put a stoploss at DKNG's lowest price from earlier this year. Extremely oversold, decent valuation here, the company is growing quickly and will be profitable once management realizes that if they keep diluting shareholders they are going to get run out. All of this (aka the worst) has been priced in. Time for the upside. Longby stonkasaurusrex113
DKNG weekly at despair zone bubble cycle stop loss $0 HODLEntry $16.35 Stop loss $0 DKNG weekly at despair zone bubble cycle stop loss $0 HODLLongby MishaSuvorov0
Channel DownThis landed at C, so it could be called ABC Bullish but there is a resistance line from the channel down. Entry long with a clean break of this line, otherwise this will bounce back to lower trendline of the channel, or further if the support line does not hold. EARNINGS 11-4 BMO. Short interest is around 9%. Possible stop below C if long. No recommendation.by lauraleaUpdated 552
multiple trend supports here 🥶 watching closelygood chance we start to bounce here, above 14.87 we climb back above resistance zone and may see a breakout past trend resistance. 🔭Longby Vibranium_Capital3316
DKNG (POTENTIAL BUY LEVEL) ***BULLISH SENTIMENTThis just my basic MONTHLY charting. I have marked what I see as the POSSIBLE bottom (support). I see overall DOWNTREND with a possible reversal. I have marked my potential BUY LEVEL for LONG/CALLS.Longby Empoweryourmind0
dkng bull flagLooking through some charts and noticed a bull flag forming in DKNG. Provided the overall market doesn't implode over the next couple days, I'm thinking it fights its way back up into the 16s not expecting it to break out of the flag formation but definitely possible/likely to test the top of the channel imo. Nice volume gap from here all the way up to the 16s area doesn't provide a ton of resistance. One issue I am seeing is the IV on the options contracts is very high. No position currently but will keep on watch and look to play it if the set-up stays the same. Not financial advice!Longby EZmoney24112
DKNG daily bearish hammer at Fibonacci 50% retracement wave 3Sell 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%Shortby MishaSuvorovUpdated 111
Looking at Fibonacci Not financial advice We are long DKNG Sports betting is the culture nowLongby jdotw110
Business cycle play - SHORT DKNG, recession incoming!This is a pretty basic business cycle play, folks gamble less when we're in a recession. That combined with DKNG's spending, will have their balance sheets really contracting moving forward. I think over the next year, we could easily see this stock under $10.00 Obviously keep your eye on this as well when the economy begins to recover! Shortby ThomasTuanNguyen111
DKNG PLAY (WEEK OF 9/26)Sitting at demand zone of this flag. Watching calls above $16 for a move up to $17.13 resistance. Watching puts below $14.5 for a move down to lower demand zone of $11.14. by biscaynebuckets0
DKNG Demand Zone + StrengthCompany : DraftKings has been showing Extreme Relative Strength after a nearly 100% move from its June Low to Recent Bear Market Highs. This Relative Strength is not from nowhere and definitely, can be attached to DraftKings leadership in the Sports Betting & Gambling industry. DraftKings has opened up huge money-generating partnerships with NFL, and other large organizations. These agreements and contracts only have pushed DraftKings Higher. While the Market has continued to drift lower these past weeks, DraftKings has been taking a necessary hit from its large run-up. DKNG is entering a Major Demand Zone Dating back to the IPO days. Technicals are showing a very large demand zone from the near $15 level towards the $10 level. With this heavy support area, we may see heavy consolidation for a time being, and a Strong appearance of Buyers. This is a strong thing to note out, as this could be a strong Long-Term Aquiring location for many Investors to pick up in this Bear-Market. by ZachSap5
$DKNG bullish gartley LFG!!!!$DKNG bullish gartley LFG!!!! This is setting up nicelyLongby ajoenamedjoe3
DKNG headed for $25Here's an update on $DKNG. $25 is the current target. Won't go into any details as the move is very straight forward. Longby MoneyForNothingAndPipsForFree4
Draftkings $50 here we come Draftkings has reached it's previous cycle low May 2022 and formed wave 2 of a supercycle. Smart money has been buying relentlessly, although I expect price to retrace to around $15, where I'll be going long. My first TP will be at around $50, which happens to be outside of value area. Longby MoneyForNothingAndPipsForFree333
$DKNG could popEvery time the upper AND lower bands in orange of the Bollinger pass within the Keltner Channel, there is a significant move. The direction is always unknown, but it's an excellent indicator of when a stock is coiled for a big move. The last few upper and lower band breaches resulted in big downwards moves. This most recent cross of both bands of the Bollinger into the Keltner Channel signifies another big move, but I think this time, the direction is up. It's already been slaughtered and I highly doubt it can get beat up more than it's already been beaten up. Side note: There was lots of unusual activity in the 15C expiring this Friday for $DKNG. Large purchase implying a big move by the end of the week. They also have the Stanley Cup and NBA finals going on right now so the bets should be flowing making for a could quarter (I believe they report in August). Longby EBITDAtigerUpdated 222