DKNG trade ideas
DKNGDKNG
I would advise against purchasing currently, this looks like a bounce. I see no double bottom or confirmation that the low is in.
There is only convergence between the chart and the indicators. We want a clear divergence to show sellers are exhausted before we place our order. It fails at the red line resistance i put in the green box. It is regarding previous support as resistance. Which can imply more downside.
Be patient and set an alarm on bot the resistance, and the new candle bottom low.
look for a great buy opportunity for DKNGI will be long once DKNG hits that 35 price range. so far it looks that DKNG is heading there and this will be the area i will take a long position.
DKNG - Not there yet but getting close to a potential bottomWatch the Fib levels as potential support but DO NOT BUY RIGHT AWAY!
Wait for a base to build first before initiating any long positions !
DGLY - Not at the bottom yetLONG on DKNG. Have been for a long time now. No pun intended.
We aren't settled yet. We have news coming with more states legalizing online gambling. They have a great partnership with the PGA tour. Plenty of catalysts to send this. We just aren't quite ready yet.
DKNG - Daily with Fib ExtensionNot quite time yet. Trust me, I want to see this run like crazy. I've played it a ton. But I don't think the bottom is in yet.
Draftkings LongDraftkings is setting up for a nice bounce and should be a good entry point to land on the moon. Good luck!
DKNG SnapbackDKNG sold off with the rest of market but its already had 4 consecutive down red days. It instantly got bought up and even after the buy up its still overextended to the downside. I'm looking for this to continue on a mult-day rally. Up to the 48 level.
DKNG on crucial support...LONG OPPORTUNITY This support level seems to have been a strong level in the past...could be a good place to enter long!
I would keep a fairly tight stop loss but my bullish PT would be:
PT1: $58.11
PT2: $64.26
SL: < $47.07
Happy trading!
LOOKING FOR SIGNS OF REVERSAL ON $DKNG Monthly unique paying customers surged 114% to 1.5 million. Average revenue per user climbed 48% to $61.
On Jan. 26, DraftKings surged over 5% after Goldman Sachs upgraded DKNG stock from neutral to buy, while raising the price target from 45 to 65. Meanwhile, Bernstein started coverage with an outperform rating and a 71 price target.
What's changed? Nothing. They're losing money sure, but they are investing it in the right places.
This is a long term hold, and at these levels...I'm interested in leap's well into next year.
We need to see reversals on all indicators below; MACd, RSI and volume. at that point, we can assume the bottom is in, and look for a long entry.
After living in England for years, I can promise you, Sports betting in this country will be an outstanding investment, once it really catches on.
Still believing in DKNGIt's a whole lots of lines but if breaks below that resistance line, I'd be very suprised. Lots of huge people buying and its the most oversold its ever been.
Bullish on DKNG(This is not financial advice)
Hey everyone play on DKNG again here. Bullish on this stock for a few main reasons. I think this stock is very oversold along with many other stocks that have dipped during earnings.
My main reasons for liking this play on this stock are as follows:
- Dipped even after good earnings and great growth in sports betting
- Oversold on RSI
- Great Social Sentiment on the Stock
- Good amount of volume moving in
- 1.2 Risk vs Reward
Not much TA really backing the trade laid out some good supports and resistance for taking profits. Let me know what you guys think with a like or comment. Be sure to follow as well.
Thank you!
- Vlaire
What's next for DKNG? Part 2What's next for DKNG? Part 2
This chart brings some more optimism to DKNG. At the end of the day friday, we had massive buyers at the 48 and 48.50 level. If you look at the chart, the 50day SMA is providing us a support line at 48.50. This is crucial to be held.
I believe if we can't find the support at 48.50, we could see a continuation of this faggy bear run on DKNG until around ~43. As you can see, there's a clear gap in volume support below the 50day SMA (48.50), anything below this line and we will essentially have to fill the gaps. I wouldn't be surprised if we moved down into lows of 43...
ibb.co Expected Movement has up setup for a low of 45.6 next week, I think that is definitely viable to see, and if we are given the opportunity, I will be purchasing more shares and contracts at that level. But..
Check out Part 3 for my final idea and conclusion
What's next for DKNG? Part 1What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now.
As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as massive psychological support at the 50. All broken through yesterday. Right now, the play is to find the bottom, but where is it? Are we too soon?
For the retail bros, it looks like all is lost, and this shit is going to zero. But... check out RSI and my follow up post.
