Incredibly, one of the largest head and shoulders patterns I've ever seen played out perfectly and entirely, and we are now trading at levels not seen since late 2019. There is massive support down here and I expect this stock to have fully bottomed around this area before beginning a new uptrend within the next month or two. I'm going to hold this one for a few years, add if it drops any further, and take it to the bank. If you want to be save put a stoploss at DKNG's lowest price from earlier this year.
Extremely oversold, decent valuation here, the company is growing quickly and will be profitable once management realizes that if they keep diluting shareholders they are going to get run out. All of this (aka the worst) has been priced in. Time for the upside.
Extremely oversold, decent valuation here, the company is growing quickly and will be profitable once management realizes that if they keep diluting shareholders they are going to get run out. All of this (aka the worst) has been priced in. Time for the upside.