DraftKings Inc.

$DKNG Possible HnS Forming On Current Correction

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I think this is as clear as day.... the community within and behind draft kings loves buying this guy, its been an absolute beast to watch. Despite the COVID NFL problems, anyone who believes in this stock is likely buying the dips here. We've also now more NFL throughout the week which is more exposure to gambling and steady viewership. The hourly Stochastics are Oversold while the Daily's are turning down. I see this getting a rebound here or next week then continuing to ABC to its bottom channel trendline. this Channel's margin encompasses its entire run from top to bottom. Long term I think this stock will be $70+ EoY. I'm running an OCT 16 55C then will take a JAN 21 70C when it retraces to 40-46 levels.

Penafian

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