$DKNG potential pull back
Risk is not justified.
Fundamentals not supporting the upside.
Pull-back possible to retest 45 support level (trend-based fib 50% level); if broken downward target to 38-35.
If confirms the breakout from the forming bull-flag, potential target to 56, then 61.
Then double-top setting to be tested.
Would be interested in your thoughts.
The analysis is for discussion only.
Fundamentals not supporting the upside.
Pull-back possible to retest 45 support level (trend-based fib 50% level); if broken downward target to 38-35.
If confirms the breakout from the forming bull-flag, potential target to 56, then 61.
Then double-top setting to be tested.
Would be interested in your thoughts.
The analysis is for discussion only.
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