DraftKings Inc.Panjang
Nice Pull Back. Target $64
Greetings. I'm bullish on DKNG, which is currently a pullback (50% retracement) from the uptrend that began 08 Sep. Strong support at $46, which is the 50EMA. I anticipate a retest of the $64 resistance before options expire on 20 Nov (yellow-dotted line on the charts).
I'm Long the 20-Nov DKNG $55 C.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
I'm Long the 20-Nov DKNG $55 C.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
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