Draftkings potential H&S based on price action/structure

12 lug 2020

Based on the structure I'm seeing with DKNG I think it potentially develops an H&S construction. Whether it does or not, I think current levels are a good entry point.

13 lug 2020

Trade chiuso: stop raggiunto

@30.05

16 lug 2020

Nota

I am no longer involved but the possible H&S pattern may be developing. If so, I will get back long at the right should low which should be somewhere between $34 +/- .5%. I'll update with my long entry tomorrow or next week (likely next week).

16 lug 2020

Nota

right shoulder* low

20 lug 2020

Nota

The ideal price action we want to see for a healthy build of energy is a consolidation into the 382 for about 5 trading sessions - the more the better (2 weeks please). Consolidation builds energy for big moves. Something like the chart below (but with more consolidation) would be a very high probability right shoulder low before a move into the 40s.

24 lug 2020

Nota

Right shoulder low hit:

27 lug 2020

Nota

I see two possible patterns developing for DKNG to remain bullish longer term.

1) Consolidation at / or reversal from current 34-35 level.


2) Potential flag forming on the larger time frame (if right should lows don't hold), which could look something like this:


Looking at multiple possible outcomes helps with planning execution on larger and medium term time frames.

Ask yourself what would you do if x happens and how would you react...

14 ago 2020

Nota

Neckline is getting more attractive..

18 ago 2020

Nota

Broke out today. H&S likely completed

20 ago 2020

Nota

Retested trendline today + structure... I added to my longs.

11 set 2020

Nota

DKNG remains a beast and is among the only beautiful stock set-ups I'm seeing

14 set 2020

Nota

New all time high today and above major structure. Now looking for $50 range as projected target

1 ott 2020

Nota

+46% since breakout above and nearly a 2x since published post:


Incredible run