DraftKings Inc.
Long
Updated

Cup and Handle

438
I am gonna hang with the pattern for now. Call me crazy (o:

Testing support for sure.

The market mood seems off kilter for stocks such as this one. A throwback occurred last time it broke long entry level.

This one does not seem to swing too low. I feel it will make it's mark, just a matter of when (O: Patience and trade management can save us (o"

No recommendation

Smart money bought this at 17 to 38. They will most likely let it ride unless their position is threatened. I can tell where they bought by looking at negative volume. We are positive volume. Negative volume is volume on down days. Positive volume is virtually volume of up days.

No recommendation

Throwbacks can hurt performance,

Try hard to look at a chart objectively. Hear what the candles are telling you..see what the support and resistance are doing.
Sometimes we see what we want to see and not what is actually there (o:

A chart is a mere xray of supply and demand

No rising wedges in the yearly chart. Keep an eye of RSI and the candles.

Important to know your candles, like hammer, shooting star, dojis, engulfing.
Long Legged dogi with a long wick pointiong down can show important support levels. That tall tail reached down and stops abruptly. "OUCH BABE" and she holds (o:
Note
If this one doesnt get screwed up, it could reach 93.5. DKNG seems to struggle for every dollar, but getting there slowly but surely

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