DKNG has formed a head and shoulders pattern testing the neckline now 6 times. Its broken below its ascending line of support, and rested it today up to the 61 area but failed and closed red on the day at 59. Its underneath all its moving averages which is another bearish sign. I expect this to break the neckline and go to the next level of support in the 52-54 range.
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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.