45 enteryGreat potential long term, temporary downtrend, many supply forming, good entry @45, then possible trend reversal to upside
DKNG trade ideas
$DKNG | Potential Double Bottom at Key Structure LevelDKNG formed an (unconfirmed) double bottom at the very important $54 structure level. Watch for a breakout above $58.50 as the initial reversal confirmation.
Wait for a breakout confirmation for longs. Earnings report on Friday BMO
Good luck!
DKNG needs to break above 62$ or seeing a drop to mid 40$ areaDespite NFL news, the price didn't run as much indicating weak bullish sign on DNKG. If it can't break above 62$ we might see mid 40$ range.
DKNG Bear Call and Bull Put spreadDKNG Bear Call and Bull Put spread
Sold the Bear call yesterday May 5 for May 7 expiry 3 dte but haven't had time to log it.
Sold for 25% roi and 3 dte.
I've been extremely groggy today and had to take a nap.
Sold Bull put today 5/6 for 8 dte and the same 25% roi at the 46/45 strikes
It's not looking so great at the moment, but in theory, the current demand zone still has some defense left in it.
If not, there's a Flip level in Purple that originates some hard selling in Dec 2020 that may help me.
The orange spread is down at the very distal edge of base V shaped rally, so I think it's pretty good location.
Long entry on DKNGDraftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.
Whoever got in at $53 you the GOAT lol!!NASDAQ:DKNG
Y’all know y’all addicted to online sports gambling.
DKNG Bullish Divergence and more!This stock is showing very bullish divergence in the RSI. It also rebounded off the bottom of the channel really hard. I'm expecting these next few days into earnings to be green.
Expecting $DKNG to have a really good run very soon.
Draft Kings - DKNG - In a good buy zone just above $52?Draft Kings - DKNG - In a good buy zone just above $52? Based in technical analysis this may be a good buy zone if price does not dip below $52. Would this be about a 25-30% gain if price goes near $75? We will see what happens in the future!
DKNG 60+I believe DKNG should be following this bottom trendline and breaking the upper resistance.
DKNG is creating a "head and shoulders" type of pattern leading to 60+, if it breaks above 60 then it could be parabolic.
It's gonna be intresting with DKNGThe stock is trying to break EMA20, If it breaks that area and then EMA50, Imma gonna open a long position on a break the resistance $64.50 - $65.
if the stock goes down then I will wait for it to decrease till EMA200.
DKNGBreaking out after a 3rd bounce of resistance ahead of earnings next week. Plan right now is to play this long until earnings day and leave a runner for the report.
DraftKings - DKNG - Stock - Time to load up?DraftKings - DKNG - Stock - Time to load up? Technical analysis shows a pattern. Will it repeat or is the pattern over? We will see?
DKNG reclaim 60?DKNG 4HR Chart-
DKNG had a nice falling wedge breakout with decent volume and a strong close above 58. With earnings approaching as a catalyst, we could see more upside. Would like to see price form higher lows with this current break of the downtrend. A break and hold above 60.50-61 level and we could see nice rally to February highs of 64.70-65. Keep gambling laws, other gambling stocks' news (sympathy plays), etc. on watch as potential catalysts to help boost the Donkey Kong to the moon. Recent news with mobile sports betting laws being passed in states has resulted in pump and dump situation, so keep that in mind as well as current market sentiment.
DKNG Long and StrongStrong Support at 56. The short term downward trend has broken. Overall Longterm uptrend remains intact and strong. Strong buy at $55/$56. Price Target %72. RSI buying signal at 55. States across the country are legalizing online gambling. This should act as a strong catalyst to keep moving higher.
DKNGDKNG a great long term play but I see this as a nice play that can happen depending on how Monday looks.
DKNG Analysis $DKNG | #Analysis | #StockMarket
Price Target 68.07 🎯
Bull Flag ✅
Trend Reversal with Break Above Clouds ✅
Consolidation just below 0.786 ✅
Increasing Momentum ✅
Entry on Break of 60.83 with Confirmation ✅
Invalidated below 56.21 ❌
DKNGDKNG is looking like it wants to bounce back into that channel and run. With Earnings coming up I expect a huge pump after it breaks the resistance and pushes into the channel. The RSI and MACD are looking good. It is still under the 200 and 50 MA, IMO I think it will break and that's when it will run. The next 2 weeks should be fun to watch. Let me know what you guys think
DKNG 23-04-2021 LongAsset and Time frame -Daily,4H
Entry Price -57.94
Exit(Stop Loss) -53.60
Exit(Take Profit) -71.66
Technical Analysis -This is the second attempt to enter long on DKNG, price has closed ON the 100MA and if it will close above it on the 4H or the daily chart we might get back on the up trend, the candle close on yesturday is a good bullish sign
DKNG Pattern into breakout(RECOVERED)I made a previous post about $DKNG pulling a "bear trap". It pulled under the channel(wedge) and recovered back on top of it.
Looking for it to hit the top channel, maybe even break it especially with how good a deal and how much PR this company releases.
$DKNG seems to be correcting... Expanded or Running?Price action from Nov 2020 (A) seems anything but impulsive.
Conditions for a running or expanded flat have been met @ 123.6% fibonacci level. We are currently testing strong support (also forming a Head and Shoulders pattern).
I don´t believe we will go below 25 for an expanded flat, so I´ll look for bullishness in the 40´s, in a running flat.
