$DKNG : Is the reversal near?
DKNG hit the second target and has since pulled back. It is currently sitting on the combined support of the 50DMA, 200DMA, and VWAP. With the golden cross momentum, I think it could bounce from here.If it fails, I believe the worst-case scenario is a checkback to the trendline and lower VWAP support around $38 to $37.
I am long.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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