DKNG flushed and then went dry LONG

May 29

DKNG is a solid large cap with great price action. Today it drained 5% and then put on the

stopper. Price reversed and stabilized in the afternoon session. The fall was to below the

second lower VWAP band in deep undervalued territory. I see this as a chance to pick up DNKG

at a 10-15% discount for a long trade. The dual time frame crossover of the faster line over

the slower line is reassuring bullish divergence enough for me to look for the best entry on

the lower time frame chart.

May 31

Trade active

Trade taken today after a few days of capitulation.

Jun 4

Note

Sideways for now more accumulation before a price move.

Jun 7

Note

Price has moved up. Stop loss now above break-even. Now a risk free trade.

Jun 7

Trade active

Round bottom recovery on the chart. First target is 40 below the mean anchored
VWAP.

Jun 7

Note

Friday afternoon dip buy to add to the position.