0ABA trade ideas
DKNG Pattern into breakoutDKNG is catching a lot of attention at these low levels with terrible news. I believe it broke the support creating a "bear trap" and after hitting support snaps back up over the support with continuation tomorrow.
You can also see in the RSI (divergence indicator) that there is bullish divergence into this trap.
DKNG ReversalCalled $DKNG for calls last week for a trend reversal which played out well with the Gap up due to positive news about their deal with the NFL. I am looking at $DKNG again for another reversal from its bearish movement at support. Currently there was rising bearish volume to end the week, so will be paying close attention if $DKNG holds support in the high 57 areas or breaks to the low 57 area like before. If a reversal does happen looking at a swing into next month
Draftkings is the king of bets Hi,
Big MOAT here, closing amazing fundamental deals and good looking chart.
Bets are on the rise!
GL!
overnighter option $DKNGif you believe in continuos uptrend of the market as well as openings and more allowing of sporting events, gambling as well as legalization of gambling + partnerships and news should be push it past any levels
DKNG reversalShould see an uptrend hopefully soon. Lower lows last week on DKNG. Its close to the new trend line. Would love to see it pop!
I love this company and will buy a lot at $ 45 levelsAfter the latest earnings report, I will be bullish for this stock, starting from the 40-45 levels
DKNG Bull Put SpreadDKNG Bull Put Spread
22% ROI, 8 DTE
Higher timeframe ascending trendline
Overall trend is sideways, testing 4h demand and potentially moving up into 1h supply
Aggressive buyers seem to step in on the trendline
Price moving down into higher timeframe demand zone
Last hourly 3 legs down had a potential middle leg with body gap down, could be EW 3 of 3 center
Last rally was a weak top into Apr 6
The top at 61 was a retest of structure exactly at a flip level
Next supply is at 62 at the gap fill, so if I get a rally into it quickly I should buy back the spread
If the rally is slow and takes time, then I will likely expire into Apr 23
54 sold strike is bhind the Mar 8 liquidity search low
DKNG Potential ReversalWatching DKNG for a potential reversal back to the upside off of support. If it happens looking at Calls for next week with TP being 58.5
$DKNG SITTIN ON THE GROUNDLETS GO
MAKE SPACS GREAT AGAIN
WATCH EM PUMP IT NOW AND WE SELL IT AT EARNINGS
DKNG 6 test breakdownDKNG has formed a head and shoulders pattern testing the neckline now 6 times. Its broken below its ascending line of support, and rested it today up to the 61 area but failed and closed red on the day at 59. Its underneath all its moving averages which is another bearish sign. I expect this to break the neckline and go to the next level of support in the 52-54 range.
DKING $65 Calls exp 4/30Entry: $60.50
Take Profit: $64.50
Stop Loss: $59.50
Validation:
- Rejected off Strong Support around $58
- Crossed above 8 EMA
- MACD about to cross up to green very soon
DKNG - Drop towards 35/40 possible before seeing any rallyDKNG - Not sure about the wave count for this rise but the fact it's so overlapping and contained within this channel makes me believe it's a corrective move rather than a Diagonal for exemple.
The bigger picture seems to suggest we're potentially in a wave 2B Flat, meaning we'll see one more push down to the noted Fib levels in impulsive fashion.
If this goes down in a corrective fashion though, we might see it turn into a Triangle or a complex correction.
DKNG possible WPossible W might form, wait for squeeze to turn dark red and vix fix to turn gray or go lower
DKNG could bounce hereWill play the reversal zones; playing calls for bounce from this zone to the one above
DKNG $56 PutsDraftkings had a major red day -8.00% today, which has it sitting at an old support level that it's touched over 4 times.
If DKNG manages to maintain below 58.30 today, we could get in for puts to $56
Next SL point is $56
DKNG coming off trendline supportComing off trendline support. Looking for a reversal play coming into the week.
DKNG Round downDKNG is looking like it is about to break ascending support and run down to the next layer of support around the 54 area. Its testing support for the sixth time and rounding down simultaneously as well as below all moving averages which will act as resistance.
Cup and HandlePossible stop below handle low or mid cup which is 49.55
DKNG is dancing on the handle but the handle has held as support so far.
Not a recommendation
DRAFTKINGS DKNG- LONGDRAFTKINGS has surpassed all time highs this am. and based upon my charts- we are finally taking a ride on the long side. Remember previous chart we had some false breakouts- now we have had time to consolidated and coil up to the long side- in perfect timing for March. Despite NCAA restrictions- we can still see a boom. I have as conservative target 80-81 dollars. Looks like we could be upward bound! Stay tuned!
Possible short term "Head and Shoulders" DraftKings Looking for a short term Call Options play, heavy volume on the 65$ calls expiring 4/19. I've been trading on Robinhood for maybe two years now. I'm no pro but I like it.
