Hi everyone!
I've been following
DKNG
price movement for a long time.
Today I will share my analysis with you.
This is a typical growth tech stock with a higher risk profile.
If you are ok to see your asset go up 5% and then lose 7% the next day, then you might consider trading this stock.
Quick intro:
Key current levels:
In summary,
DKNG
is a hugely volatile stock, which creates massive opportunity for shorter-term swing trading.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
I've been following
DKNG
price movement for a long time. Today I will share my analysis with you.
This is a typical growth tech stock with a higher risk profile.
If you are ok to see your asset go up 5% and then lose 7% the next day, then you might consider trading this stock.
Quick intro:
- Price is in the long-term rising channel.
- Stock has been trading sideways for quite some time.
- Wide price volatility range (40-74).
Key current levels:
- Strong demand level at 42, which would be now reachable only with a breach of a trend.
- Same with 44,6 level.
- Magnet level at 47,5.
- Recent bounce at the 50,7 level.
- Notable magnet zone at 56.
In summary,
DKNG
is a hugely volatile stock, which creates massive opportunity for shorter-term swing trading. Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
