0ABA trade ideas
DraftKing possible perfect short setupOn high and higher highs was so mush good news for exit smart money i guess. So we broke main resistance, and now we are discovering for new bounce of price.
Red arrows will be perfect setup to go short. Watch for it and do not avoid S/L orders.
DKNG Triple Bottom ended green on a massive red dayLooking for a big bounce into December.
Target 40+
DKNG running out of sellers?So, we're seeing the fib lines line up with current support and historic price action at around 35, RSI and money flow rising...I'm putting in a buy here. I could be wrong about this one but it just feels like this correction is close to wearing itself out.
DKNG DKNG has been bleeding a lot.
Today It reached a major support level.
We should see a reversal here now. It's also sports betting season. December so many games going to be going on, might as well take a bet here ;)
1st target 36.83 (Which is the red resistance line)
2nd target 39.65
Not financial advice.
DKNG - Bullish Flag SetupDKNG - is another company that i reviewed a while back on my youtube channel and after digging in the business model made me even more bullish on them, however they had a little bit of a side step when it came to earnings but what W/S didn't consider is that the promos DKNG ran when going into the new added states was the amount of promotional money DKNG put up for that when considering the numbers showed as it losing ground there also MAU Deposits when down due to them getting free money to sign up and after them having to fund money did not end up meeting the mark in either case it was an over reaction and the price has struggled HOWEVER as we can see this is a bullish flag setup which have a tendency to break to the top side i know those things are guaranteed but it still makes for a good play to throw in your watch list and if starts to make a push to the top side throw some money into some calls to take advanctage of those gains, in addittion to this Cathie Wood and her ARK fund has not stopped adding to their very large position with dkng
DKNG [LONG] DCAAdding here to DKNG after it dips further into my DCA zone, remain bullish longterm so building out a position here.
Price targets remain at $65 and $100 presenting good upside, and acceptable risk for me at these oversold levels - still some downside on the weekly indicators but daily looking good for a bounce in the short-medium term.
Will continue to DCA lower if it dips towards the 0.382 fib level around $35.
** NOT FINANCIAL ADVICE **
DKNG - 618 FIB ALL TIME - TIME TO BUY?All,
DKNG here obviously a typical buy area, but market + ER I still have to be careful here. I 10000% would add to watchlist. Worst I see it getting is 33-26 range a little lower.
DraftKings Dip buy🚀Look for the Dip buy around 35$ this week. There was a lot of institutional money invested in that area last fall. I expect buyers to step up around 35$. If it drops below that area that would be a major H&S that could send this stock back to 25$ fibonacci support.
Potential $DKNG reversal near $35Draft kings Can get a bounce at previous breakout levels of $35. Strung store can be found as there has been consolidation and break outs at this level. Place your stop at your risk tolerance. Downside potential to $28
DKNG/PYPL/UPST/BIDU/ROKU/NIO - Long Calls on Market FlipAll,
I am literally just watching the market and these stocks. I am highly debating going long on all of them equal weight. Might put PYPL at 25% weight.
As a hedge I will enter a few SPY PUTS
DKNG LongDemand Zone
Entry 39.5
Stop 38
Target 51
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
DKNG - H&S Complete / Reversal IncomingClear 15%+ correction from the neck link of the H&S pattern, we're now entering a buy opportunity.
Volume gaps = Volume support. 38.5 is the next level of support, I bet we see a little lower ~38.35 before a major reversal back to the high 40s, maybe low 50s.
$DKNG back in Accumulation Zone. Room to $30DraftKings, after another terrible earnings, looks to be falling below the neckline of a bearish head and shoulders pattern. It looks like there is room to $30, where we will likely see it bounce a bit and need a good catalyst before it gets over $40 again.
DKNG go shortHead and shoulders on dkng here and broke its daily weekly and monthly support levels, buy puts short it do whatever ya want grandpa style
Key supports for draft kingslooking to catch some support here and make a move back up. big sell off on owners but seeing dkng back in the $49-$52 range would be healthy and give me some hope in these new ipos again.
DNKG reversalBounced off 40ish level like it did a few months ago, I can see a reversal coming in. My levels are highlighted in blue.
Draftkings stooping to new lows. DKNGIronically, a picture almost identical to what Palantir had for us in the previous post.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$DKNG draftking breakdowna few major trendlines have been broken and failed to regain.
a low-high extension of 1.618 could lead to a sell down to 28.61.
I will be happy to cover at 35 anticipating a dead cat bounce. will reevaluate another short if this goes to plan.
$DKNG - Symmetrical triangle single bust play?The price broke down from symmetrical triangle and is resting on support around 42.
For the bulls, the hope is that $42 - $38 holds and price bounce back above $52 area.
Bears would want to see a break down below $38. Bears also think the chart looks Head and shoulder which I do not agree.
Triangles frequently do see single bust pattern where the price briefly breaks down and then reverses to break out of the triangle.
Target 1 - $52
Target 2 - $58.32
Target 3 - $64
Target 4 - $88
Risk - break below $38 and worst case $27.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
DKNG Potential Head and Shoulders"
A. A strong rally, climaxing a more or less extensive advance, on which trading volume becomes very heavy, followed by a minor recession on which volume runs considerable less than it did during the days of rise and at the Top. This is the 'left shoulder.'
B. Another high=volume advance which reaches a higher level than the top of the left shoulder, and then another reaction on less volume which takes prices down to somewhere near the bottom level of the preceding recession, somewhat lower perhaps or somewhat higher, but, in any case, below the top of the left shoulder. this is the 'Head.'
C. A third rally, but this time on decidedly less volume than accompanied the formation of either the left shoulder or the head, which fails to reach the height of the head before another decline sets in. This is the 'right shoulder.'
D. Finally, decline of prices in this third recession down through a line (the 'neckline') drawn across the Bottoms of the reactions between the left shoulder and head, and the head and right shoulder, respectively...
"
Technical Analysis of Stock Trends / Robert D Edwards, John Magee, W.H.C
Bassetti. -- 9th ed. (59)
A near textbook example of an incomplete head and shoulders pattern, which indicates a major trend reversal.
The pattern is not yet confirmed.
One issue is the strong reaction off the neckline, shaded in red, but the overall descending volume is a strong indication.
An additional technical indicator is the break and hold below the 50D EMA
This is an analysis only, not investment advice.
DKNG TAhey guys so now we will talk about DKNG, as you can see we’re trading inside a triangle since July 2020. What I love about this type of pattern especially now on DKNG it’s just how it acts flawless every time we touched the triangle we traded all the way up/down. So this ticker is respecting the trend lines, moreover every time we touch the lower trend line and the RMACD creates a bullish trigger we shoot all the way up. So yes I love the probabilities and definitely when the RMACD will create bullish trigger I’ll take the trade.
