Long DKNG. Found Support and will Gap Fill near 55Title says it, long term trend has been solid support. Will hold until gap is filled near $55 to $56
DKNG trade ideas
DRAFTKINGS - Inverse Adam and Eve - at supportkeeping watch - near term covid sports headline risk - mid-term I am bullish.
Relative strength in Draft Kings as it revisits a key zoneI just updated the post below explaining the importance of finding stocks with relative strength in market weakness (click the chart and scroll all the way down for the update). DKNG is a stock I've kept my eye on all day today and initiated long positions at 42.50, 43.3, and 43.70.
This is my last analysis on DKNG:
DKNG Long SwingDKNG on macro channel low and holding daily ichimoku cloud support, 60% upside 4% stop loss risk.
Chiko span (green lagging span) crossed sept 15 price action today, as well as a bullish conversion/base line cross (blue/red), both signaling a reversal.
10/14 share sale likely fully priced in now, given no further bad news I am expecting a run up to earnings on Nov 12.
T1 - $52
T2 - $63 (ath)
DKNG Retest w/RemountDKNG had previously broken out of the 44 level and raced higher over the next several weeks after it broke that level. It has now retraced completely all the way back to that previous breakout level. It has also remounted w/a doji hammer which shows reversal signals. I believe this is a good entry now that it has retested and remounted over 44.
$DKNG - PT $27.5$DKNG head and shoulders short idea to 27.5 - waiting for final rejection at 46.5 for entry
DKNG breaking out from downtrendDKNG long wick on day candle shows very strong support, power run on the 1m chart in power hour.
DKNG gap coincides w/ fib retracement 0.618. this is a great setup if we break out from trendline tmr.
DraftKings best entry price 10 Oct 2020Healthy uptrend with 40% retracement with a bullish pin bar and heavy buying volume entry signal. It is a good buy and hold stock.
May be a nice 'spring day' tradeToday's trading day saw strong support which drove the price back up and resulted in a green day over all.
Tomorrow would confirm the reversal but this may be a spring day, where tomorrow and the day after may be nice and green. Volume is high. This had been taking a beating for a bit so this can be argued to be a 'buy the dip' opportunity.
I am looking into what call options are priced in at. I may not enter the trade at all though.
I would need to find something longer term, and not priced in. Thats what I am looking for tomorrow, and if it opens at a gap up then forget it altogether.
DKNG LongLooks Bullish to be if we can hold 40 .25 and 41.75 zone. For breakout look for high volume at 45; pt1: 48 and pt2: 50
