0ABA trade ideas
Cup & Handle Formed - Breakout over $56Pretty clear cup & handle on the daily IMO. Volume also supports my theory. I see a breakout over $56. I think it's only good news from here for betting/sports in 2021.
Huge Hourly Resistance at 58I think we are going to face a huge resistance at $58. Steel yourselves DKNG longers. See you on the frontlines, bulls! Hook 'em!
$DKNG Let´s keep going on this channel...Price seems touching the dinamic support on an uptrend channel. Tight stop loss, hopefully it bounce. Stop loss: $50.48.
DKNG back to ATH! PT 61DKNG lost some steam on Friday with sports betting being restricted in Ohio, However stimulus news was passed through Congress and the NBA is starting up Tuesday. Clean break over 55.40 and hold I can see a move to 61 this week. If you missed that rally I would look for an entry closer to that trend line near 52.
My Plan:
55C 12/31, 60C 12/31 (cheaper)
Lotto: 60C 12/24
Key Levels to watch
Support: 52.17, 50.02
Resistance: 55.40, 58.37
$DKNG - Very constructive look here!DKNG needs to reclaim $57.77. Then it targets $64.19 and then $82.22.
I believe this will be a $100+ stock in 2021.
DKNG - December 20, 2020DraftKings is leader in the online betting space, and has seen upside analyst revisions on the revenue side. This is likely due to the increased likelihood that DKNG will become legalized in more US states over the coming months as an additional source of revenue for states. The trailing 12 months of revenue for DNKG is $551 million, and analysts are expecting this to more than double to $1.2B by 2022.
DKNG to go bearishDKNG entered consolidation in an upwards trend obviously leaving it in an upwards trend, you could see DKNG hitting resistance Monday and potentially going into a bearish market.
As always traders this is just my opinion and in no way financial advice, always do your own research before buying a stock. If you have any questions or comments don't be shy and talk to me in the comment section!
$DKNG DraftKings Back to ATH
Stock cleared the Fib resistance yesterday ,
Alert set for break above Gap fill @ $55.80
Potential targets as per resistances on chart.
RSi is strong uptrend.
MACD crossed bullishly
Histogram positive
Volume bullish
Head and Shoulders on DKNG with final correction waveHead and Shoulders on DKNG leading into final correction wave.
DKNG on watchAlert set at 54. Like it long above box to the fib targets above 786 and 886. Risk is a close below the box.. If the stock pulls back I like and entry closer to the bottom of the box.
All trades posted need broad market/sector support so watch the indexes while you trade. ie do not enter if the broader market is selling off or coming into significant resistance.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Happy Trading!
DKNGWeekly V bottom still in tact. Would love to see a weekly close above $56. Weekly MACD crossing up as of now, we'll see if it holds. Weekly close above $56 and it wouldn't surprise me in the littlest bit to see $64 next week on good volume.
a couple way this plays outcould get rejected right here at trendline resistance and pull back to lows or it can breaks and make a push towards a new ath. im surprised this isnt at ath when penn is.. they usually run side by side. anyways goodluck :)
"DKNG Long" Bullish will this be able to push to $60+ $DKNGNASDAQ:DKNG $DKNG intersting levels would love to see this break that 54.66 are so we can push into that 55 resistance then I feel the fun will begin and room to 60+ on this one but that breakout anf hold is a must to get this next leg higher
$DKNG - Bullish Trade Set upInverse Head and Shoulders, gap to fill above, break of 1D downtrend, what's not to love.
Currently in DKNG 55C 12/24 @ 1.15
DKNG finally pushing nxt stop 55DKNG to 55 fomo will kick in and i can see 61 next week, if you got in my calls i mentioned should be up 300-400% on the 55c lottos and 90% on 12/24 contracts, congratz dkng fam
