The Long Investor
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$DKNG - REPORTED YESTERDAY - WATCHLIST -
🕑 Added 2025-02-14 12:45:56 +0000 UTCEarnings was a double miss and pretty bad on the EPS (-68% off estimates) but they had an upbeat guidance and the market loves it
So much so that we have a clear triangle breakout which I spoke about during this weeks update.
Price has not broken above the 52 Week high at $49.57, so this is the last resistance level in the way from moving up to the top blue line at $74.
A move up to $74 is Wave 3 for me and the target as always is the 1.618 Fib which is at $93.
The buy entry would be a retest and holding above the breakout level at $45.50 or a lower risk entry would be a higher high holding above $50.
$DKNG has been making headways expanding in the US so gambling deregulation swept through the states....so spending to expand is something investors always want to see....which I believe is what's happening here.
Comments
Teej
Hi Cap, thoughts on where we are at now? TIA!
sl
How about $GAMB as a play with similar theme? 3 month cup and handle. Decent fundamentals.
G4Golf
https://www.tradingview.com/x/f7M64UVF/ My attempt at counting it and I would have to bow to Caps greater experience. Agree that the confluences (ATH and 3 of the fibs) are at 73-74 to start with. My fibs will not tie up as I use log scales.
Steele Broderick
Wonder how $penn earnings go. Been holding position for a while and would like to get a direction.
Adam R
What wave are we in?
