There looks to be another leg lower coming for 
DKNG (which to me would be the capitulation leg).
I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel.
After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops.
Good luck.
DKNG (which to me would be the capitulation leg).I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel.
After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops.
Good luck.
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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.