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DKNG trade ideas

The growth is closeThe paper is in a narrow channel for a long time. 47,7 -51,2. I assume a long scenario, the paper is not allowed down. In case of fixing above the resistance level, the scenario with the target - $65 is realized. There is global resistance there. If it is broken through, the ATX is possible. Watch closely, there could be pullbacks. You can exit the trade with a stop loss if it goes above the 61 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:DKNGLong
by QuantumLabSignals
1
$DKNG - Stan Weinstein's Stage Analysis + Symmetrical triangleDraftKing hits the upper trend line inside symmetrical triangle and unable to break out. Right now investors are in wait and see mode apparent by the bottomming narrow channel. According to Stan Weinstein's Stage Analysis, this could be identified as stage 1 bottom. Bulls are reluctant to jump in due to over hanging etain offer. However, there seems to be changing of hands gradually from bears to bull. It could be possible that depending on etain offer, the stock either could see, a break down to $45 or break out to $60. Target 1 -$60 (short term) Target 2 - $90 (long term) Break down - $45 Stop loss - $41 ——————————————————— 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.
NASDAQ:DKNGLong
by PaperBozz
2
$DKNG GETTING READY FOR A +40% MOVE!What Is the Accumulation Area? The accumulation area on a price and volume chart is characterized by mostly sideways stock price movement, which is seen by investors or technical analysts as indicative of large institutional investors buying, or accumulating, a large number of shares over time. Source: www.investopedia.com 1HR - Price trading sideways since late September. Analyst Price Target on $DKNG (TipRanks) High: 105 Average: 70.06 (44.01% Upside) Low: 41
NASDAQ:DKNGLong
by ivanlarav
Draft KingsI might've gotten in too early here to be honest. However, I feel that draft kings has a lot of momentum with the variety of reach and marketability they have. The name is familiar and they continue to have good incentives and easy to use platform. I know their financials aren't the best but I consider this an emerging market even though some may disagree. I think as technology grows, so will the thirst of competitive gambling. I see a W pattern forming. As much as I want it to shoot up right now, I feel like the double bottom needs to truly form before a true move is made. I don't want a homerun here, I just want a base or two lol.
NASDAQ:DKNGLong
by Redimere_91
3
$DKNG bullish idea DKNG is an online sports betting book who as of today announced they entered a Blockchain agreement with Polygon. Polygon is an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions. The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities. Sports Betting has become widely popular this quarter due to Social Media outlets whom glorify the big rewards with small risk bets such as multiple leg parlay bets. Not to mention NFL and MLB season on full throttle this quarter. Earnings should be stellar. As for the technical side of $DKNG, it has been basing at these current lows and not finding any sellers under these levels. Seems like a good risk to reward spot to position yourself bullish. Daniel Betancourt OptionsSwing Analyst
NASDAQ:DKNGLong
by optionsswing
1
DKNGIn my opinion, DKNG is ahead of a nice bullish setup technically and fundamentally. We can see how RSI is looking to break its oversold zone while MACD creates a nice-up movement with a pleasant crossing. Moreover, the MA shows a favorable structure due to a chart crossing over the 20 MA, which also identified an upward trend. As to our fundamental segment, it appears that the gambling sector is on the move, and let's remember that DKNG is waiting for NBA, NFL sessions to start, and people are willing to play some fantasy sport.
NASDAQ:DKNGLong
by FunTechA
DKNG Underlying trendline + ReversalDKNG is showing a bullish pattern of an underlying trendline and a reversal candle with good volume. It is possible that the underlying trendline is actually at the $45 dollar level. Gambling and Casino stocks have seen a lot of volatility recently, and the over all sentiment seems good. DKNG recently made a 3 billion dollar deal to be an official NFL partner along with Ceasar's (CZR). Unfortunately, there is always the looming news of COVID and potential lockdowns that would turn these stocks bearish at any moment.
NASDAQ:DKNGLong
by OO_Bandit
High-Quality levels on DraftKings.Today we will take the last year of price quotation and we will work on all the relevant levels we will e paying attention a) The main aspect we can see are the exteriors support and resistance levels (these are our framework) b) Inside our range, we can draw a trendline that may work as a relevant support level. From there, we can expect a bounce and the following correction (Trading Opportunity 1). As we are breakout traders, these corrections are what we are looking for before entering the market c) If the price breaks the previously mentioned level, we will aim to see the price on the next support level (lower zone of our range) at 35USD. From there, we will expect the same sequence: bounce + the following correction. d) Both trading opportunities will share the same target 64USD, however, it is important to mention the inner resistance level at 56.00 USD (there we should be open to possible corrections) e) Final Idea: Remember, the best way of developing high-quality setups is by waiting for the price to reach high-quality zones. Working setups from there increase your odds of success Thanks for reading!
NASDAQ:DKNG
by ThinkingAntsOk
1
DKNG trading plan with my boxes strategyHi everyone! I've been following NASDAQ:DKNG price movement for a long time. Today I will share my analysis with you. This is a typical growth tech stock with a higher risk profile. If you are ok to see your asset go up 5% and then lose 7% the next day, then you might consider trading this stock. Quick intro: Price is in the long-term rising channel. Stock has been trading sideways for quite some time. Wide price volatility range (40-74). These stock characteristics are suitable for my boxes strategy. Key current levels: Strong demand level at 42, which would be now reachable only with a breach of a trend. Same with 44,6 level. Magnet level at 47,5. Recent bounce at the 50,7 level. Notable magnet zone at 56. In summary, NASDAQ:DKNG is a hugely volatile stock, which creates massive opportunity for shorter-term swing trading. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NASDAQ:DKNG
by AyBe_Invest