Lets gooooNo doubts, the targets are for long term, I do believe we are very close to the lowest or maybe we already are.
0ABA trade ideas
$DKNG Not a big gamble hereKeep it simple.
High volume since the end of January.
Divergences on every indicator (RSI, OBV, MACD).
Resting on quality support near IPO levels.
IF and ONLY IF the overall market decides to go lower, 14.50 will be the absolute low.
PLAN: Half position here and DCA to 14.50 if it arrives.
27.5 target by June.
Draftkings back in $20s soonYou can't argue with this chart, do you see my inverse H&S smiley faces? Do you think they'd lie to you? Did I just have too much coffee and probably bought too much DKNG to be considered an entry position? Do your own DD, but DKNG is due to pop. Have a good weekend.
If this drops below $16 I'm getting out, otherwise I won't be selling until $22-24
$DKNG DraftKings looks interesting here !DraftKings finds itself at the all time .886 retracement at the moment. The daily RSI keeps showing some kind of bullish divergence.
One could accumulate some positions in DraftKings here for the long term play. Set your 2030 Me up for some nice gains ;)
Slowly but surely will climb 10-20% in next 2 weeksRising wedge as long as support on lower part of wedge holds.....play the interday movements within the range.
Minimal risk of massive down side...besides yolo....
Draftking Swing SetupDraftkings has been in a downtrend for some time and finally looks to have broken the trend and showing signs of reversal. The price has broken out of the falling wedge and looks to be retesting the above trend line.
Price is currently at the 50 sma resistance and seems to piercing the 50sma. Will need to hold this level for more bullish momentum.
Volume looking good and signs of rsi divergence also look good.
Pt are: 25, 33, 38.
Use tight stop loss as this is risky given the sector of the company. i sugges 17.50 or 15 for more aggresive traders.
DYOR
DKNG Inverse head and shouldersIt's almost ironic that a head and shoulders before the crash might end with an inverse head and shoulders pattern that's currently forming. There's bullish divergence, with decreasing price and rising RSI. I'm watching to see if the right shoulder forms.
LONG ON $DKNGAfter being butchered from its all-time high at 72.90$ to 15.11$ on March 14, 2022, Finally, $DKNG price recovered to 19.62$ on March 18, 2022
the volume also increasing, the demand is getting bigger
I personally expect $DKNG to bounce back from this level but confirmation is needed for entry. Preferably, entry with a small position first to avoid the fake breakout
this kind of trade is suitable for traders who are like buying at the bottom. However, it's quite a higher-risk trade because the stock is in the downtrend
**Not financial advice**
Draft Kings has completed its Head and shoulders Draft Kings has completed its Head and shoulders after breaking the neck line at the start of November.
A sensible price target would be the the point at which the neck broke - this also correlates with the golden pocket region.
I do think that DKNG might have another 10% or so to fall, as the strength trading system ( as taught by enTHUZed ) would require us to form a tertiary low where the RSI kisses the 32% mark, ( at the moment its at 34% )... so not far to go now.
DraftKings (NASDAQ: $DKNG) Breakout Likely Into March Madness!🏀DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily fantasy sports, sports betting, and iGaming opportunities, as well as media and other online consumer products. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. In addition, the company offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated initial non-fungible token drops; and advertising and sponsorship services. It distributes through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. DraftKings Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.
Inverse H&S DkngAs of today I am long DKNG. It looks to be forming an inverse head and shoulders, and is currently completing the second shoulder. If it falls below $17.70 this will likely invalidate the trade and I will cut my losses. Short term PT is $24 - I will make a call then about whether I think it will break through what seems to be extremely strong resistance at those levels. I'm seeing large bullish divergence on multiple indicators on multiple time frames.
Do your own DD.
DONKEY KONG having problems with those flaming (oil) barrelsPerhaps we need Mario to come in. BULLISH on NTDOY -
The Switch is now Nintendo's best-selling home console ever
Feb 3, 2022 — Through the first nine months, its sales are 6 percent lower over last year to $11.52 billion. As for software, Nintendo said it saw the highest ...
DKNG
AVG POSITION: $18.60
DCA Monday on Signs of Consolidation
Take profit at $20
$DKNG, Draftkings at the all time .886Draftkings is currently at the all time .886 retrace and forming a double bottom.
Indicators in the 3d chart also look very bullish imho
Stay safe in this crazy times !
DKNG Under $20 buy round #2Update prices for draftkings after the most recent movement
Trends are showing the possibility of another under $20 buy with some decent upside coming up.
Buy in somewhere between 18.95 and 19.59?
Should be a nice return on such a big drop, but there will definitely be resistance in the climb.
DKNGSimilar setup to SQ kinda. Strong past few days but now into resistance zone. Chop zone between $18-$24 imo.
Draftkings My last post I discussed this breakdown of the rising wedge target being reached and how I was expecting it to hold up. It has done just that and we look like we are pushing up. Next resiatnce above is 22.60 range we lost support of previously Id be looking for a backtest as new reistNce. If rejected re short from there
$DKNG 22 YEARLY BEARISH REVERSAL Dkng - The Strat
Dkng has a 22 bearish reversal on the yearly chart.
Head and shoulders on the monthly
We have Full time frame continuity to the downside.
If you're in options contracts I think you could get a 10p 3-6 months out and hit this PT.
If you're looking to buy the dip. I'd wait to see if it falls below that 10.60 level. Set an alert and wait for a confirmed bullish reversal - which will prob look like a double/triple bottom.
DraftKings (NASDAQ: $DKNG) Could Be Your Royal Flush 🃏DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.
Draftkings I saw this wedge yesterday breaking I forgot to post about it !!! I didn’t take the short either but could if een a great short for us. I was bullish draft kings around 21$ rode it to 24s and cut it off waiting patiently for a break of 25s but if we lost 22$ I figured it was going to dip. Target of a wedge is the bottom of the wedge back to the start pf it. So Short term target has been reached. Waiting for a decision for next setup from here. Will have to get more data but for now I’d expect this level to hold until next pattern formed
DKNG 2/16/2022DKNG
After spending all of 2021 moving sideways, we saw a Death cross of 50 and 200 ema and price broke down and entered a Downtrend.
Since Nov. 2021, price has been on a strong downtrend.
The Downtrend needed a breather and pulled back in form of a Bear flag.
Price has pulled back to Fib level 0.382 and we have also seen a couple Gravestone dojis at this level over the past 5 days. This is my que to enter
Will be entering trade to short.
Entry: 22.96
Stop loss : 25.94
Target: 17.58 – RR ratio 1.81
DraftKings earnings tomorrow @ 7amDraftKings Q4 earnings are tomorrow, 2/18 at 7am. Draftkings (DKNG) reported a Q3 September 2021 loss of $1.35 per share on revenue of $212.8 million. Revenue grew 60.2% on a year-over-year basis. The company said it expects 2022 revenue of $1.70 billion to $1.90 billion. The current consensus estimate is revenue of $1.77 billion for the year ending December 31, 2022. I'm posting this as long because it's possibly a good setup on a red market day. It's a gamble until the earnings are publicly released along with future guidance. Here's levels on the 1 day chart:
Q4 Consensus:
EPS = -$0.82
Revenue = $442.5M
52 week high = $74.38
52 week low = $17.41
SMA200 = $42.91
SMA150 = $40.94
SMA100 = $34.29
SMA50 = $25.05
breakout = $27.48
R3 = $26.34
R2 = $25.19
R1 = $24.05
pivot = $22.90
S1 = $21.76
S2 = $20.61
S3 = $19.47
breakdown = $18.32
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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