Is long term downtrend coming for DraftKings?

2021年7月26日

We can see the RSI trend (downward) moving in the opposite direction than the price trend (upward) since a long time.
And then the chart reflects two bearish patterns - Inverted cup and Handle, and an Inverted Head and Shoulders with neckline around 43!

Is this the indication of upcoming long term downtrend?
Let me know your thoughts!
Thanks!

Note: I'm just getting started and haven't finished a year trading stocks.
This is not an financial advice, just sharing my thoughts to get public opinions for education.

2021年8月5日

交易开始

2021年8月25日

交易开始

Although, the trade seems to be going in the opposite direction of the signal, implying the Signal as Failed!
It's still too early to say that the trend has reversed for upside!

2021年8月25日

注释

If it stays above 56 for a while, I'd call it the trend reversal to upside, and perhaps a massive upcoming rally!

2021年9月6日

交易结束：到达止损

The prices have reversed beyond first shoulder - 55-56, and therefore confirming the Head and Shoulder Top as failed signal!

2021年10月9日

交易开始

Failed signal reversed, indicating potential downtrend again!

2022年5月24日

交易开始

still active!