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DraftKings Inc.

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DKNG trade ideas

DRAFT KINGS - BULLISH SCENARIOA new bullish impulse is coming for DraftKings after Monday's breakout of the local resistance level. More than 50% profit potential and a price target of $24-$25. It seems like a hot deal with an excellent risk-reward ratio Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:DKNGLong
by legacyFXofficial
DKNG (ABC corrective wave to finish?) Looks like we located a potential market anomaly on the daily timeframe . Price is in a range and could breakout. However, this also looks like an "abc" corrective or potential impulsive wave. The anomaly was located near the wave B extension where wave A originally started ( bearish candle, bullish volume ). If price passes the start of wave A before the bearish move, there could be signs of a breakout to the upside. Looking for price to test the low or surpass the low of wave B between 100% to 161% (if impulsive). The RSI and MACD are both matching the top side. Happy trading! Not advice. Only an idea.
NASDAQ:DKNGShort
by Redimere_91
Is long term downtrend coming for DraftKings?We can see the RSI trend (downward) moving in the opposite direction than the price trend (upward) since a long time. And then the chart reflects two bearish patterns - Inverted cup and Handle, and an Inverted Head and Shoulders with neckline around 43! Is this the indication of upcoming long term downtrend? Let me know your thoughts! Thanks! Note: I'm just getting started and haven't finished a year trading stocks. This is not an financial advice, just sharing my thoughts to get public opinions for education.
NASDAQ:DKNGShort
by aniHotmail
1
Earnings watch 5/6Earnings watch 5/6: DKNG NRG CI VST SR MGI RUTH BBU DISH UAA 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 www.tradingview.com
NASDAQ:DKNG
by Options360
6