Replies to post #6899 on DraftKings Inc (DKNG)

[thehumanchessmachine]

markets are taking a beating because the Obama puppet ‘s taxes and America last illegals first bs

[John-Knee]

The price is following the channel pattern with the bottom being ~47.99 and the top being ~50.64 (see middle chart). The volume is not high on a down day, nor is it above the daily average. Thus, I am not too concerned at the moment. I do see a positive divergence happening on the 4 hour chart on the MACD (long white arrow) against the price action. Despite it being a lagging indicator, it can give a glimpse of what price action may do soon. No long buy order for me until the price crosses and closes above the 200 period moving average on the 4 hour chart. I am still holding my small share allotment, just in case.