There looks to be another leg lower coming for $DKNG (which to me would be the capitulation leg).
I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel.
After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops.
Good luck.
I think the bottom would be somewhere between $3.93 and $5.92 -- at the bottom of the blue channel.
After we get the drop, that's where I think there's a good opportunity to buy. If you're currently long, beware of potential for a large drop. Set tight stops.
Good luck.