A Proven Growth Winner I think DonkeyKong DKNG is a proven winner and can run much higher much quicker then other growth stocks .. in all seriousness draftkings chart is about to go if it can get above the POC there’s no stopping it into $70s that sell off would’ve been a better time to add but now that the dust has settled a bit we see a more clear picture that DKNG and it should be proof this stock will be seeing higher highs soon.Longby bdn821223
DKNG Investor Day, Tuesday 3/9Credit goes to u/AllDatDalton for bringing this under my radar, he's got a Twitter somewhere I think. There is what seems to be bullish UOA. A reminder that options volume can always be institutions hedging, positions rolling, or just overall sentiment. But it can be sometimes insiders and Whales making a big bet. Currently, the market looks rather bearish even with the recent passing of Stimmy. Bonds and treasury yields, inflation, job numbers, all the fun macro level stuff. I'm expecting a dead cat bounce or bull trap. The market doesn't do these kinda drops and be making new ATH the next week lol. Stairs up, escalator down, when things drop, they drop hard and fast. Somehow, physics exist psychologically in the market too. Now to DKNG, I think it can hit around $50-$52, which are my blue and yellow trend lines. Stocks have been crashing down through all the supports and trendlines, but I hope $50 will be a strong psychological barrier. I'm not going to get too deep into the fundamentals of sports betting and DKNG, but every time I watch UFC, I see that they're sponsored by DraftKings. Cmon who doesn't fucking love gambling. Legalization is happening. On the 15min MACD & TTM look like a top. RSI levels correlate roughly with February levels last time it sold off. 1Hr might be a crossover, with RSI bouncing off 30. TTM also looks like it's about to go green. Almost the same on the 2Hr. For these reasons, I will be trying to get some 3/12 or 3/19 calls. 3Hr and up looking like DKNG can sell off a little more. Tbh anything under $60-$55 range is pretty good entry for the long term imo. I'm expecting a short rally in the short term, followed by more selling off. It's very possible that $54 on March 5th was the bottom, but who knows. If I don't get calls on my limit order, I'm okay with not making money on this play. It's better to not make money than potentially having your calls shrivel up and die. Longby amfunk1
Game on for DraftKings?On bearish days like we’ve had lately, it can be useful to look for stocks lurking near highs because they often break out when calm returns. DraftKings seems to fit that bill. First, consider how the sports-betting stock formed a large bullish ascending triangle between early October and late February. Notice how it began the current month with a breakout through the top of the triangle. It’s now trying to turn old resistance into new support near the old peak. Second, Bollinger Bandwidth remained at the narrower end of its long-term range as price squeezed toward the top of the triangle. Will it start expanding if the shares exit the triangle? Finally, DKNG had a false breakdown below $53 on February 23. (This was actually the low for the entire month.) It quickly rebounded from the drop, creating a bullish outside week. The pullback also served as a test of old resistance around $55 from mid-December and mid-January. DKNG has had a flurry of positive headlines lately: strong revenue, strong guidance, snagging Carl Ripkin Jr. before baseball season, plus the exclusive UFC deal. It can now potentially benefit from the spread of sports betting as the U.S. economy reopens. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation13
DKNG pullbackwould not be suprised to see this go all the way back to previous support, into its trendchannel and bounce back up later, please dont take this too serious this is a quick sketchby ikbensender3
Draftkings bullish on WEEKLYHi guys, Jumping right in...... Draftkings on the weekly is looking extremely bullish and i am currently in this trade (daily timeframe). When there are bullish signs on larger timeframes, the moves tend to last a bit longer but can have massive profits. As you can see we broke out of an ascending triangle that's been forming since November'20. If you measure for potential targets, it comes up around $95, give or take a few $. To measure you draw a line from the horizontal resistance line to the start of the ascending trendline, which is known as the base. Confirmation was made with daily candle closes above horizontal resistance. We would like to see for weekly candle close above the line as well. Before breakout, last week candle printed a dragonfly doji variation, which is trend continuation pattern to upside. Extremely bullish. And it wicked up from the 21 EMA, meaning people got there eyes on this stock with extreme buying that happened. We are currently above the 21EMA which means uptrend still intact. Stoch RSI is at 80 lvl. But there's a cross and more room for momentum upwards. MACD currently showing signs of positive momentum. Keep an eye on RSI, as currently there is divergence. Which is a case for bearish move. However, currently its trying to breakout of the downward trend. We'd like to see it make a new higher high. Thank you. That's it for now. Let me know what you think by commenting. Longby SafofAllTradesUpdated 444
DKNG correction time?$DKNG update wave 3 of 3 target hit, could see a retrace to my .618 which fills that gap at 62, I can see one more push towards mid march once this correction is in, after this month not much sports activity going on but news with gambling (laws, app features, partnerships) can push this. Short target: 60 Long Target: 75+ ($100 stock long term)by jUiCE_Trades2210
DKNGDISH Network Corp. DISH, +2.12% and DraftKings Inc. DKNG, -3.30% announced Wednesday an agreement in which DraftKings' fantasy experiences and sportsbook will be provided directly to DISH customers. Shares of DISH surged 7.3% in premarket trading and DraftKings rose 2.7%. As part of the agreement, DraftKings' app will be integrated on the DISH TV Hopper platform. "We're thrilled to work with DraftKings to amplify the sports-fan experience, and extend the DraftKings footprint across our unique suite of services, including SLING TV and Boost Mobile, with potential applications across our 5G wireless buildout in the future," DISH TV Group President Brian Neylon. DISH shares have dropped 11.0% over the past three months, while DraftKings stock has rallied 37.0% and the S&P 500 SPX, -0.68% has advanced 5.6%.Longby roclub12
Buy Zone and Target for DraftKings $DKNGMy buy zone and target for $DKNG (Not financial advice)Longby IrregularUntenablePassportUpdated 117
Draft KingsDraftKings is an American daily fantasy sports contest and sports betting operator. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA) and Tennis. Because why not! Like, follow, agree, disagree! What do you think? Longby Redimere_912
$74.50 Tomorrow? $74-75 tomorrow looks pretty likely to me, but there should be heavy resistance to move beyond. My guess is a quick retreat to support around $65. If it fails to break $75 then it'll continue into an ABCD correction with the potential trendline and retracement levels marked. Good luck! by DaBears10
DKNG on watchI like how DKNG has held up during the sell off. Its likely to catch a bid if the market can bottom. Look for price to hold 60 and push higher. Targets would be ATH and then Fib extensions.Longby WadeYendallUpdated 225
Are we heading higher?!Short answer: YES Longer: technicals are looking good, however, there are some concerns. The recent selloff might continue, and RSI is almost overboughtby benedekdomotor112
DKNG: All to HighDKNG ATH on March,1 Online Casino, check their weekly increasing traffic, positive legal policy...etc Very good stock... (STRONG BUY!!!) TP1: 78 TP2: 85 TP3: 93 (However, I would hold it to 3-digit numbers) PS: Hope I have the time to write a detailed analysis in the future. This post just for the memory of ATH on March 1, 2021. Longby jimcurrywangUpdated 661
DKNG finally has breakout :))posted DKNG was gearing up for a solid breakout. they had a great earning on friday but with the market downtrend it didnt do the best. it hard a really hard time breaking the 62 dollar mark. i am assuming a-lot of contract expiration were ending last Friday witch didn't help the stock climb. today it broke out of the channel and i sold 10 of my 30 contacts to take some profits. lets see what happens and ill sell the rest. companys alway retrace back to the channel (blue lines) so when doing so be cautious Longby TradingPapi_111
DKNG fair wind on our sideGo with the flow of good earnings. Put/Call Open Interest Ratio 0.35 Put/Call Volume Ratio 0.38 Growing analyst forecasts For info (26/02/2021): DraftKings reports Q4 revenue $322M, consensus $232.6M "With a favorable fourth quarter sports calendar and strong marketing execution, DraftKings was able to generate tremendous customer acquisition and engagement that propelled us to $322M in fourth quarter revenue, a 98% year over year increase," said Jason Robins, DraftKings' co-founder, CEO and Chairman of the Board. "In the fourth quarter of 2020, we saw MUPs increase 44% to 1.5 million and ARPMUP increase 55% to $65. We are raising our revenue outlook for 2021 due to our expectation for continued growth, the outperformance of our core business and newly launched states that were not included in our previous guidance."Longby arturayupov0