Draftkings has been in a downtrend for some time and finally looks to have broken the trend and showing signs of reversal. The price has broken out of the falling wedge and looks to be retesting the above trend line.
Price is currently at the 50 sma resistance and seems to piercing the 50sma. Will need to hold this level for more bullish momentum.
Volume looking good and signs of rsi divergence also look good.
Pt are: 25, 33, 38.
Use tight stop loss as this is risky given the sector of the company. i sugges 17.50 or 15 for more aggresive traders.
DYOR
Price is currently at the 50 sma resistance and seems to piercing the 50sma. Will need to hold this level for more bullish momentum.
Volume looking good and signs of rsi divergence also look good.
Pt are: 25, 33, 38.
Use tight stop loss as this is risky given the sector of the company. i sugges 17.50 or 15 for more aggresive traders.
DYOR