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DRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL A

DRAFTKINGS INC COM USD0.0001 CL A

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Betting on Draftkings : Oversold+signs of recovery $DKNGFA, - Market cap : 16BN. Global TAM : 70BN - Top rated app(4.8/5) - Currently in 7 states(12% of US population). 19 states with mobile legislation while ,majority are still being considered - iGaming CAGR New Jersey (2014-2018)- 25% - Products : Daily fantasy sports, Sportsbook,iGaming. - Building a great brand. -Personalized experience -History of track record = More data. - Michael Jordan as special advisor. GOAT - Habits picked up from Covid lockdown TA, - RSI oversold. 36. Rising up - Closed above downtrend on 4H - Short interest 23% Entry: 43 PT1:50.5 SL: 40.2 (6.5% max loss) Short term Swing Risks, - High volume during pullback - Hasn't closed above downtrend on daily
NASDAQ:DKNGLong
by ashainp
DKNG - It's a great time to bet on DraftkingsDraftkings has been practically in free fall mode over the past 3-4 weeks due to profit taking and dilution. Today's daily closing candle was a hammer which typically precedes a trend reversal. We have confluence because this also occurred on the trendline. Buyers stepped in to defend the uptrend at a key level. I am personally going long here with a stop $40.23 just below today low. I am targeting the 50% fibonacci retracement level which is around $52.
NASDAQ:DKNGLong
by rarewalt
DKNG - REVERSAL : Movement Ending Volume + Stoch DivergenceAfter -36% almost non-stop in 17 days, we are back in the zone with potential supports (and reasons for the drop to stop). Here is how we could look at a reversal : VOLUME : Since Oct 13th, went from very small volume to 3x volume size on the 20th (highest daily volume for DKNG, all-time), after which it dropped by half. This is a "movement-ending volume". The price got to a level of interest for buyers and they are stepping in; the sellers sold their positions and left the building. BULLISH HIDDEN DIVERGENCE : Between the low (price action and Stoch) of early September, and the new Stoch low, the price is at a higher level. This is a bullish hidden divergence, hinting towards bullish move. Stoch is at close to 0.00 also, "oversold". UPTREND : The uptrend started April 3rd 2020. It acted twice as support (mid-August and Early september). We are arriving at this trendline once more; which may again act as the support and send the stock upwards. FIBONACCI 0.618 : "Commonly strong" Fibonacci Support, which is at 41.56$. SUPPORT PIVOTS : 44.00$ (All Time High for a while, was the resistance to beat, once broken out of this zone it became parabolic), 41.00$ (highs pivots of end of August) (Note that the Average True Range is at 3.70$, meaning we can expect 3.70$ of volatility pas a targeted support line)
NASDAQ:DKNGLong
by butcher42