Finding Bottoms Using Monthly Inside Candles: DKNG para NASDAQ:DKNG por DKingTrades

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Now, let's take a look at $DKNG.

One of my highest conviction trades this year in January.

In this case, we traded within its March '20 monthly inside range.

DKNG

We zoom in to see not only did the monthly inside low hold, but we have a massive bull flag breakout.

Add the fact that Massachusetts had an inevitable sports betting approval coming, this became a no brainer A+ setup.

Given at $13-$14.

We capitalized on

DKNG , then rolling it up to a 3/17 22.5c with our target of what?

The March '20 monthly inside resistance of $19.50.

We sold near the top of its first wave into $21, now providing a 50%+ move on underlying since adding to WL in January.

After a pullback,

DKNG reclaimed the breakout of its March '20 inside range $19.50, providing another massive move into $30+ (+50%).

From the time of my WL add in January, this has now provided over 110% upside.

See how breaks of monthly inside ranges provide large moves?

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