DKNG/PYPL/UPST/BIDU/ROKU/NIO - Long Calls on Market FlipAll, I am literally just watching the market and these stocks. I am highly debating going long on all of them equal weight. Might put PYPL at 25% weight. As a hedge I will enter a few SPY PUTSLongby DigitalDataUpdated 8813
DKNG LongDemand Zone Entry 39.5 Stop 38 Target 51 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. Longby PlanTradePlanMMUpdated 113
DKNG - H&S Complete / Reversal IncomingClear 15%+ correction from the neck link of the H&S pattern, we're now entering a buy opportunity. Volume gaps = Volume support. 38.5 is the next level of support, I bet we see a little lower ~38.35 before a major reversal back to the high 40s, maybe low 50s.Longby thehappyitalian773
$DKNG back in Accumulation Zone. Room to $30DraftKings, after another terrible earnings, looks to be falling below the neckline of a bearish head and shoulders pattern. It looks like there is room to $30, where we will likely see it bounce a bit and need a good catalyst before it gets over $40 again.Shortby CharlestonTrader0
DKNG go shortHead and shoulders on dkng here and broke its daily weekly and monthly support levels, buy puts short it do whatever ya want grandpa styleShortby ali925M1
Key supports for draft kingslooking to catch some support here and make a move back up. big sell off on owners but seeing dkng back in the $49-$52 range would be healthy and give me some hope in these new ipos again.Longby ismartinvesting0
DNKG reversalBounced off 40ish level like it did a few months ago, I can see a reversal coming in. My levels are highlighted in blue.by indianguypokecollect110
Draftkings stooping to new lows. DKNGIronically, a picture almost identical to what Palantir had for us in the previous post. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Shortby Rykin_CapitalUpdated 5
$DKNG draftking breakdowna few major trendlines have been broken and failed to regain. a low-high extension of 1.618 could lead to a sell down to 28.61. I will be happy to cover at 35 anticipating a dead cat bounce. will reevaluate another short if this goes to plan.Shortby zho30224
$DKNG - Symmetrical triangle single bust play?The price broke down from symmetrical triangle and is resting on support around 42. For the bulls, the hope is that $42 - $38 holds and price bounce back above $52 area. Bears would want to see a break down below $38. Bears also think the chart looks Head and shoulder which I do not agree. Triangles frequently do see single bust pattern where the price briefly breaks down and then reverses to break out of the triangle. Target 1 - $52 Target 2 - $58.32 Target 3 - $64 Target 4 - $88 Risk - break below $38 and worst case $27. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.Longby PaperBozz3
DKNG Potential Head and Shoulders" A. A strong rally, climaxing a more or less extensive advance, on which trading volume becomes very heavy, followed by a minor recession on which volume runs considerable less than it did during the days of rise and at the Top. This is the 'left shoulder.' B. Another high=volume advance which reaches a higher level than the top of the left shoulder, and then another reaction on less volume which takes prices down to somewhere near the bottom level of the preceding recession, somewhat lower perhaps or somewhat higher, but, in any case, below the top of the left shoulder. this is the 'Head.' C. A third rally, but this time on decidedly less volume than accompanied the formation of either the left shoulder or the head, which fails to reach the height of the head before another decline sets in. This is the 'right shoulder.' D. Finally, decline of prices in this third recession down through a line (the 'neckline') drawn across the Bottoms of the reactions between the left shoulder and head, and the head and right shoulder, respectively... " Technical Analysis of Stock Trends / Robert D Edwards, John Magee, W.H.C Bassetti. -- 9th ed. (59) A near textbook example of an incomplete head and shoulders pattern, which indicates a major trend reversal. The pattern is not yet confirmed. One issue is the strong reaction off the neckline, shaded in red, but the overall descending volume is a strong indication. An additional technical indicator is the break and hold below the 50D EMA This is an analysis only, not investment advice.by BarnardRUpdated 111
DKNG TAhey guys so now we will talk about DKNG, as you can see we’re trading inside a triangle since July 2020. What I love about this type of pattern especially now on DKNG it’s just how it acts flawless every time we touched the triangle we traded all the way up/down. So this ticker is respecting the trend lines, moreover every time we touch the lower trend line and the RMACD creates a bullish trigger we shoot all the way up. So yes I love the probabilities and definitely when the RMACD will create bullish trigger I’ll take the trade. Longby amirhemo444
DKNG posed to go higher?NASDAQ:DKNG has established itself as the top dog in US online sports betting. We may find an RSI Divergence pattern, as well Quant Chart's Inflection indicator signals for potential long. There may be a high chance of a swing higher.Longby Lachone5
$DKNG head and shoulders? DKNG is presenting an undeniable Head and Shoulders pattern on it's all-time chart, with 1w candles. RSI showing extreme bearish divergence, pulling back significantly since IPO despite bullish price action. Accumulation/Distribution reveals that shares are at the highest accumulation point since DKNG's first day of trade. RSI pulling back off this resistance would coincide with a completion of this Head and Shoulders pattern.Shortby ITMmattyUpdated 556
DKNG earnings rally🧐💰hello traders lets take a look at $DKNG today! it has bounced off this trendline support 6 times, currently going for number 7! RSI currently at nice oversold area as well. Stop loss 45, price targets 55-60. decent risk reward. like and follow for more <3 Longby Aura_Trades2220
DraftingsI really like DKNG for the future as sports gambling grows and becomes more mainstream. I would consider a long term hold by watching for the support level to hold and the residence level to break.by Davis_Stocks0
DKNG Trade Opportunity Very nice ascending triangle on DKNG there is also support around 50. The uptrend is on the 5 year chart and personally I don't think it will break. My plan is to get calls a couple months out take some profits at 50 and let the rest ride for a little, stop loss around 44-43, around those levels head and shoulders would be formed. 42.5 is also a support and if it breaks I would short the ascending triangle breakout and the head and shoulders.by UnknownUnicorn156773990
Short term and long term trade ideaDKNG is sitting at the support and there is a short term and long term trade possible.Longby sarbjit_longia0
DKNG on trend lineShould see a bounce from here. I'm in January calls for this. Invalidated if the trend line breaks to the downside.Longby fd1nfoUpdated 114
$DKNG would like to see it move towards 70 and above$DKNG has again defended the support line from May 21 and bounced well from it, the move towards 70+ is now confirmed. #PlanYourTradesLongby tradeMinter114
DKNG at SupportGreat Opportunity from support on the daily. Seeing some rejection off strong support. Has great R:R however reports ER soon.by TheBullandBearLoungeUpdated 2
DKNG 10/25 Analysis Approaching Weekly .786 Fib Retracement Level & Bottom Of The Wedge. Potential Pick Up Zone Between 45- 42Shortby bbahmed1
DKNG strong resistance trendline with low volume node supportThe $43-$46 is clear S/R zone through the last one and a half years. 1st target: $55, this was a clear zone of resistance 5 times last calendar year. 2nd target: $60, second huge resistance area Invalidation: price <$44 Stock is very volatile so I recommend a play via Dec calls Longby wendigooor5