DraftKings Inc.
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DKNG LONG

DKNG long entry on the break of the falling wedge structure. Daily time frame printed a bullish hammer candle on the 100 moving average which is also confluent with a previous support level and .707 Fibonacci retracement level.

Stop Loss: Daily close below 40.43
Target 1: 40.36
Target 2: 52.13
Target 3: 56.78 (gap fill)
Chart PatternsDKNGdknglongdraftkingsMoving AveragesSupport and Resistance

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