DKNG still niceThis name is still holding up very well in this market. I did get whipped out of my position with that recent big wick down. Oh well. Still will stalk an entry as long as the market hold up.
DKNG trade ideas
DKNG DailyPotential target of 65
KILLED earnings call
Great upside
Volume
Social media hype
Cathie Wood/ARK hype
Moving Averages pointing up
I am LONG calls on day trading and LONG commons for my portfolios.
Pitchfork DKNG into next earningsPotential Price targets based on pitchfork into next earnings. Just hypothetical if the bullish trend continues.
High Range: $79.61 to $87.34
Median: $79.61
Low Range: $70.95 to $79.61
DKNG raised its revenue outlook for the FY2021 from a range of $750 million to $850 million to a range of $900 million to $1 billion.
Update on DKNG trade: near target, on trend, bullish indicatorsDKNG traded up in the parallel channel and nearly hit the projected target. Based on the TTM squeeze indicator it looks like it is just building strength to take off. MACD signals buy as well.
Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could trade to CHWY levels easily.
Entry point: Below $65
Price Target: $100
Stop Loss: $50
DKNG Cup w/ HandleThe market may look like an absolute dumpster fire, but DKNG is building out a handle and is looking quite bullish. Keep an eye on this one for a breakout. Could emerge as a leader if the market can get it together.
Draftkings on Discount with strong support at 58Drafkings has continued its run despite strong competition and that leads me to believe that this is one of the few SPACs to take seriously. I believe that there is strong momentum behind names like this even though a lot sports gambling season hype is over.
Earnings may tell a different tale, but Drafkings still is one of big companies to grow with the industry, and I think the price will continue up through a choppy market.
I'm not a financial expert, and this isn't a recommendation.
DRAFTKING CALLS BOUGHT MORE TODAY:)))draftking earning run up??
bought the 60 dollar strike for march 12th
lets gap up baby after earning
DraftKings LongPlayA Well Respected channel clearly in a continued uptrend, I anticipate a pullback to the given support in the chart before a continuation to the upside .
Ensure to plan your trade , Entry , Exit , and SL ...and dont get greedy ...take profits on the way up ....Thanks For stopping by . ..Appreciate the support , show your appreciation with a Like/Follow and feel free to comment .
Long $DKNG into ER$DKNG has so much tailwind going for it & earnings is the perfect catalyst which can push it through to new heights !!
$DKNG | 1H Bull Flag Breakout and Retest$DKNG broke out of an hourly bull flag and bounced perfectly at the flag/structure retest.
We can expect continuation to the upside with a break & close above $62.25 as confirmation.
Targeting the previous highs at $64.50. Invalidation below $59.5
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
5 day long to comfirmas you can see from the chart this has done nothing but rise ! Yes this is good, and yes i will buy more on the pull back, we have 5 days to wait for earnings to com out to see where we are really going to go with this !
DraftKings (NASDAQ:DKNG) set up for an all-time high breakout?DraftKings (NASDAQ:DKNG) is starting to breakout from a bull flag continuation pattern on an increase in volume which is located right below a new all-time high.
Good potential profits summer time DKNGS will retest demand zone then test supply and break out in long term
Bullish Echo Tade for DKNG to $67I have a bullish setup that I call an echo trade. The entry signaled on Friday, I was late posting this chart, but so far the price was flat from my entry.
I traded the setup with straight $65 APR calls and some $65/75 call debit spreads.
The red flag / support zone is marked, a sustained move of price to this zone may indicate the trade setup is busted. I will re-evaluate if we get there.
There is resistance at the 61.50 area that we were testing Friday and needs to be cleared. The target is 67 and the stretch goal is $69.
These trades typically last 3-10 days (average of 5) and may last as long as 3-5 weeks.
WARNING: DKNG earnings are reported to be 2/26 before the open.
The echo trade pattern is a trend-pullback-continuation pattern.
DKNG is it time to ride this train back to ATH?After a nice rally leading up to the Super Bowl it looks like this beast has settled down, not much sports betting activity besides NBA and March Madness which would be a big one. After that I feel the stock price will see some flat movement and run based on states passing betting laws. Also keep in mind we have ER approaching soon so that will cause a possible run up. DKNG is currently in a downtrend channel and is looking primed to break out soon. We also have a gap down so keep in mind this could potentially go for that gap fill at 55. The Safest entry would be to wait for the breakout of the resistance line with significant volume for a confirmed sign of reversal. Now depending on market sentiment, we could see more room to the downside, where you could get a nice dip entry (buy zone located in chart) to long.
Key Levels
Support: $58.86, $56.86, $55.14
Resistance: $60, $61.11, $62.46, $64.21
Ways to Play this:
1. Load Up Shares
2. Enter on breakout of downtrend resistance with month out calls
3. Buy on the dip if this goes for a gap fill
4. 2022 leaps
Option Ideas: low to high risk contracts (High OI and VOl, very liquid contracts so you can get filled easily)
60C 3/19 4.30
65C 3/19 2.57
60C 2/26 2.62
65C 2/26 1.05
60C 2/19 .57 (lotto)
62C 2/19 .21 (lotto)
DKNG - Wait for oversold and go for long callIt's beautiful uptrend trajectory, ascending triangle. Could wait for it's touch the Fib and go for a long call. Target: $80
BUY DKNG 2.16.2021Possible Dip buy on DKNG if momentum can shift right here. Watch for a defined trend this week.
