Draftkings has pulled back to a significant high-volume area where the stock is likely to find support buyers.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.
If the stock continues lower and breaches $48, I would look at add at $42.
So there are 2 options:
(1) Buy half position size here at $51 and ready to add the other half at $42.
(2) Be picky and wait for $42 buy area if you're ok with the possibility of missing the bounce higher.
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Disclaimer
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.