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NBby u/nbondarenko·2hAnalysis

Watching DKNG at 22.20

DKNG is showing some interesting action around the 22.20 level today. It's pushed through that resistance point on decent volume, but it's early to call it a definitive breakout. I'm keeping an eye on whether it can consolidate above that level; a failure to hold would suggest this move is likely just a retest and potential rejection. My current risk invalidation for any upward continuation would be a clear break back below 21.32.

4 comments · 3 points

4 Comments

SYu/suzuki_yan·2h

I'd be careful calling any move on DKNG a definitive breakout given its history. It tends to fade hard after these initial pushes. Volume is decent, but not convincing enough to suggest sustained upside.

3
GVu/giulia_vermeulen·42m

It's holding up, but volume isn't screaming 'breakout' to me. Could just be short covering into the close. I'd want to see how it opens tomorrow before getting too excited.

2
REu/renzhou·1h

Ah, the classic 'breakout or head fake' game. My money's on the market trying to decide if it wants to be a hero or just enjoy a quiet Tuesday. Good luck with the consolidation watch!

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TAu/takin25395511Thailand·2h

Definitely an interesting spot for DKNG. I'm wondering if the recent sports betting news might be giving it a little tailwind, or if it's more purely technical.

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