Update on DKNG trade: near target, on trend, bullish indicators
DKNG traded up in the parallel channel and nearly hit the projected target. Based on the TTM squeeze indicator it looks like it is just building strength to take off. MACD signals buy as well.
Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could trade to CHWY levels easily.
Entry point: Below $65
Price Target: $100
Stop Loss: $50
Fundamentals: They just beat on revenue on their latest earnings. They continue to grow paying-customers. More states are legalizing giving it a tailwind. This stock could trade to CHWY levels easily.
Entry point: Below $65
Price Target: $100
Stop Loss: $50
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