DraftKings Inc.

LOOKING FOR SIGNS OF REVERSAL ON $DKNG

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Monthly unique paying customers surged 114% to 1.5 million. Average revenue per user climbed 48% to $61.

On Jan. 26, DraftKings surged over 5% after Goldman Sachs upgraded DKNG stock from neutral to buy, while raising the price target from 45 to 65. Meanwhile, Bernstein started coverage with an outperform rating and a 71 price target.

What's changed? Nothing. They're losing money sure, but they are investing it in the right places.

This is a long term hold, and at these levels...I'm interested in leap's well into next year.

We need to see reversals on all indicators below; MACd, RSI and volume. at that point, we can assume the bottom is in, and look for a long entry.

After living in England for years, I can promise you, Sports betting in this country will be an outstanding investment, once it really catches on.

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