DraftKings Inc.Long
$DKNG on Watch List
Updated
I'd like to see DKNG drop down and hold the 50 SMA. However, I don't think that's going to happen so I've set an alert just above the 10/12 high @ $52.60. If it can do that in the next day or two I'll look for a logical entry point. I also like how the selling volume is drying up as this falls. This tells me DKNG is running out of sellers. All TBD. Ideas, not investing / trading advice.
DKNG drop down and hold the 50 SMA. However, I don't think that's going to happen so I've set an alert just above the 10/12 high @ $52.60. If it can do that in the next day or two I'll look for a logical entry point. I also like how the selling volume is drying up as this falls. This tells me DKNG is running out of sellers. All TBD. Ideas, not investing / trading advice. Trade active
I wanted this to drop to the 50 day SMA and bounce for an entry. It has come close enough for me. I started a 1/3 position @ $45.67. This is a high risk entry and I will have a stop with a desisive close below the 50 day SMA.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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