Bullish Flag. Perfect Opportunity to go LONG.

15 окт. 2020 г.

Greetings. I'm even more bullish on DKNG, which is currently a pullback (61.8% retracement) from the uptrend that began 08 Sep. DKNG is also at the low-end of the Bollinger Band, which indicates an opportunity to GO LONG. Support at $45, which is slightly below the 50EMA. I anticipate a retest the $64 high before options expire on 20 Nov.

I'm LONG on the following:

- 20-Nov DKNG $55 C
- 30-Oct DKNG $55 C
- 30-Oct DKNG $50 C
- 23-Oct DKNG $40 P

I'm SHORT:

- 23-Oct DNKG $45 P

Happy Trading!

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