DKNG 15 min chart... covered the daily chart on Friday. DKNG is in this bull flag! I am scalping Puts down to that .618 fib retracement at $46.13 and scaling in to Call Contracts for multi week swing, to be safe will get 2 week out exp. We have a gap down at 51.03 so I'm expecting some red early this week and we pick up some momentum to go up. Analyst have upgrade price targets and sports entertainment is starting to get back to normal. My PT is $60 by EOW if we see some good volume and news.
Key support levels: $43.50, $35.20
My plan: Scalp puts to $46-50 range, Scale in and start small for Call contracts exp: 10/9 or 10/16 expecting to increase the size of my positions closer to 46$
Key support levels: $43.50, $35.20
My plan: Scalp puts to $46-50 range, Scale in and start small for Call contracts exp: 10/9 or 10/16 expecting to increase the size of my positions closer to 46$
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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.