DKNG has ran up for 5 consecutive green days right up into all time high resistance levels. There is supply at this level which i believe will push the stock back down, especially because its already overextended on the bollinger bands and stochastics. Being that this is the last trading day before the superbowl on the sports bet app, i believe it will retrace as soon as monday to the 59 level.
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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.