DraftKings Inc (DKNG): On the technical side, it will surely te...

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John-Knee

Re: butoft post# 7060

Friday, 11/19/2021 8:53:19 AM

Friday, November 19, 2021 8:53:19 AM

On the technical side, it will surely test the 35.02 price support level. Using lagging indicators (8, 20, and 50 days) to project further out movement, it doesn't look good, unless unexpected great news comes out. The following next daily support levels are 32.28 and 30.51. In my previous post, the chart is broken, not the company. Be careful.

No buy orders for me until I see a true bottom and then retest that bottom. I do have a few shares on hand which are under water but they are at the expense of the House. I decided to keep them, just in case this unexpected jacks up like a rabbit.

I use both Fundamental and Technical Analysis.
Opinions posted by me are just that, my opinion.
Buy/sell any type of financial security is the sole
decision of the individual. Make your own sound
judgement or consult a professional licensed
advisor.