posted DKNG was gearing up for a solid breakout.
they had a great earning on friday but with the market downtrend it didnt do the best. it hard a really hard time breaking the 62 dollar mark.
i am assuming a-lot of contract expiration were ending last Friday witch didn't help the stock climb.
today it broke out of the channel and i sold 10 of my 30 contacts to take some profits.
lets see what happens and ill sell the rest.
companys alway retrace back to the channel (blue lines) so when doing so be cautious
they had a great earning on friday but with the market downtrend it didnt do the best. it hard a really hard time breaking the 62 dollar mark.
i am assuming a-lot of contract expiration were ending last Friday witch didn't help the stock climb.
today it broke out of the channel and i sold 10 of my 30 contacts to take some profits.
lets see what happens and ill sell the rest.
companys alway retrace back to the channel (blue lines) so when doing so be cautious