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DRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL ADRAFTKINGS INC COM USD0.0001 CL A

DRAFTKINGS INC COM USD0.0001 CL A

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$DKNG looks ready, break of box to confirmTechnically DKNG needs to break volume shelf to see a significant move to the upside, otherwise it may retest 51-48 zone. However given the push through the AVWAP (purple line) from the highs and a close above 200MA (black line), a move to the upside is more likely IMO. Also appears to be completing phase D Wyckoff Accumulation. Rejection of the 200MA or a false breakout would indicate a move back into the channel/ more consolidation. I'm long 10/15 $60 calls at 1.6 just trimmed at 2.3 holding remaining to possibly catch the breakout.
NASDAQ:DKNGLong
by FriscoTrades
DKNG: Inverse Head and ShouldersDKNG broke out of the strong resistance triangle of $55 nicely today. Seeing an inverse head and shoulders on the long term chart, could possibly break into $60 in near future.A nice uptrend formed with higher highs and higher lows. Bullish trend. But beware of the resistance at $59/60 supply range. Plus Jacksonhole meeting on Thursday and possibility of taper talk on Friday FMCO. Nice Volume, with RSI hitting 70, MACD crossover on positive DKNG will be in focus in September as Football betting season starts. Expecting next quarter earnings be better than this quarter thus will be a good catalyst to push DKNG back to $60 range. DKNG will be a good hold for mid/long term.
NASDAQ:DKNG
by yflaw1018
3
DKNG x Falling Wedge x History Is Repeating ItselfHistory - June 9th, 2020 - Aug 5th 2020 = Falling Wedge - Aug 25th, 2020 DKNG broke out of the falling wedge - Aug 25th - Oct 2nd, 2020, DKNG had a market cycle of 81% gain Present Day - June 9th, 2021 - Aug 5th, 2021 = Falling Wedge - Aug 6th, 2021, DKNG broke out of the falling wedge Analysis - If we overlap ghost bars from Aug 25th, 2020 - Oct 2, 2020 (previous market hype cycle) then DKNG should peak around $82 early October before pulling back all the way to $53. With football season approaching in September, and the fall approaching, more people will be watching tv to entertain their selves and also stay warm as the weather will be getting colder. DKNG is also expanding beyond just football. DraftKings (DKNG) on Tuesday entered into a multi-year agreement with Simplebet to launch a real-money micro-betting service across DraftKings Sportsbook. The agreement will allow DraftKing to offer to its customers micro-betting products for the NFL, MLB and NBA, as well as a new suite of college football products, according to a statement. The more things change, the more they stay the same. Let's watch history repeat itself and trade on the right side of the smart money, realize gains when the hype cycle reaches it's peak, and double our position size at the bottom of the pullback.
NASDAQ:DKNG
by Thuja_Wealth_Builders
DKNG headed back to the $60'sMy projection is based on previous moves from higher lows to higher highs. In an trending market DKNG moves 20-30% from the higher low to the higher high in 7-10 trading days, then retraces for 2-4 days to make a higher low. My forecast is $63+ by Sept 3rd. Buying Sept 10th ATM calls when DKNG retraces and touches the trend line. Football season will be kicking off Sept 9th which should a positive catalyst. Has no impact on my analysis but doesn't hurt to have tailwinds behind a thesis.
NASDAQ:DKNGLong
by chaseflores10
DNKG: Many interesting patterns to watch this week!Hello traders and investors! Let’s see how DKNG is doing today! The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level. Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29. DKNG is following the Principle of Polarity too. Yes, it is a bull trend, and we have a good bullish reaction above the 21 ema, but the challenge is to defeat the resistance at $ 53.38 (red line). The daily chart looks interesting. We are not in a bull trend, but at least the trend is not bearish anymore. We are in a congestion , and the 21 ema is flat, but this Inverted Head & Shoulders chart pattern is a good sign. The $ 51.25 was a pivot point , but it seems the $ 53.38 is a strong resistance, along with the $ 56.07. I see some early signs of reversal, but the situation is risky . Of course, higher the risk, better the reward. If we lose the $ 51.25 along with the 21 ema the congestion will prevail and DKNG will keep moving erratically. If this analysis helped you, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:DKNG
by Nathan_The_Finance_Hydra
1