Support 1st and then break through resistance

٢٤ أكتوبر ٢٠٢٤

Looks like DKNG will find support 1st at about $35.15 and then it will probably test resistance at about $39.24. Earning is in 8 days and I believe positive earnings will push it past $39.24 to $42 to $45 range.

٣١ أكتوبر ٢٠٢٤

تم فتح الصفقة

Looks like it's kissing the bottom of the wedge. We'll get better clarity tomorrow or Monday. Then maybe a nice trade setup going into earnings.
Still watching this.

٥ نوفمبر ٢٠٢٤

تم فتح الصفقة

Took a position at $35.15

٧ نوفمبر ٢٠٢٤

ملاحظة

Even with this after market drop, staying above $35.15 is still considered a positive. Tomorrow should give us a better read.

٨ نوفمبر ٢٠٢٤

ملاحظة

Above the wedge and looking for a close above the wedge. If all goes well, upper wedge will be support next week and DKNG can work on breaking $42 this month.