DraftKings Inc.Mis à jour More Room to Run for Draftkings?
DKNG is trading in an upside channel after a pullback from its all-time high of $64.20 set in October 2020.It saw a few upgrades this morning and is now set to open the session above that $64.20 level. If I see it hold that mark (and hopefully retest it), I’ll consider the R2 Fibonacci pivot level ($67.14; RM2 on the chart) as a potential intraday price target. The next near-term target, if the upside momentum persists, would be the all-time high of $72.
On the downside, the 20-day EMA would be a possible support. Further down, I'll keep a close eye on the $ 60 zone, which was in play multiple times in the past.
Note
The intraday target is reached ($67.14; RM2)!Note
The $72 mark was reclaimed yesterday! What's next? Will we see a pullback (to RM2) before DKNG can break above it?
DISCLAIMER: I am not a financial advisor, and my scripts are for educational purposes only. Any trades you make are at your own risk.
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DISCLAIMER: I am not a financial advisor, and my scripts are for educational purposes only. Any trades you make are at your own risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.