Relative strength in Draft Kings as it revisits a key zone

I just updated the post below explaining the importance of finding stocks with relative strength in market weakness (click the chart and scroll all the way down for the update). DKNG is a stock I've kept my eye on all day today and initiated long positions at 42.50, 43.3, and 43.70.

Good time for profit taking on some stocks

This is my last analysis on DKNG:

Draftkings potential H&S based on price action/structure

Note

Reversing type of price action...

Note

Very frustrating price action today. May need to get flushed lower into the 40s before going higher

Trade closed: stop reached

I've made several long attempts on this and got stopped on all. I'll be watching until I see some more clarity on the weekly scale. Until then, no position for me.

Lanmar

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Lanmar