DraftKings Inc.Short
DraftKings to go lower?
DKNG met a long monthly down trend after a 250% rally from its lows and closed with what looks like a reversal pattern on the daily chart.
Weekly THV is flat and Red as pricing continued to climb into the trend creating bearish divergence.
Does Draft kings head back to $20 to meet the weekly coral or will it break out and head to $40? Time will tell.
I'm personally shorting this. I explain why in the video. Covering both technical and social confluence and what I look for.
Weekly THV is flat and Red as pricing continued to climb into the trend creating bearish divergence.
Does Draft kings head back to $20 to meet the weekly coral or will it break out and head to $40? Time will tell.
I'm personally shorting this. I explain why in the video. Covering both technical and social confluence and what I look for.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.