What's next for DKNG? Part 2
This chart brings some more optimism to DKNG. At the end of the day friday, we had massive buyers at the 48 and 48.50 level. If you look at the chart, the 50day SMA is providing us a support line at 48.50. This is crucial to be held.
I believe if we can't find the support at 48.50, we could see a continuation of this faggy bear run on DKNG until around ~43. As you can see, there's a clear gap in volume support below the 50day SMA (48.50), anything below this line and we will essentially have to fill the gaps. I wouldn't be surprised if we moved down into lows of 43...
ibb.co/5hd2W70 Expected Movement has up setup for a low of 45.6 next week, I think that is definitely viable to see, and if we are given the opportunity, I will be purchasing more shares and contracts at that level. But..
Check out Part 3 for my final idea and conclusion
This chart brings some more optimism to DKNG. At the end of the day friday, we had massive buyers at the 48 and 48.50 level. If you look at the chart, the 50day SMA is providing us a support line at 48.50. This is crucial to be held.
I believe if we can't find the support at 48.50, we could see a continuation of this faggy bear run on DKNG until around ~43. As you can see, there's a clear gap in volume support below the 50day SMA (48.50), anything below this line and we will essentially have to fill the gaps. I wouldn't be surprised if we moved down into lows of 43...
ibb.co/5hd2W70 Expected Movement has up setup for a low of 45.6 next week, I think that is definitely viable to see, and if we are given the opportunity, I will be purchasing more shares and contracts at that level. But..
Check out Part 3 for my final idea and conclusion
