Home Sectors Communications Chart of the Day: Potential Uptrend in DraftKings

Chart of the Day: Potential Uptrend in DraftKings

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December 12, 2023

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DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock.

The first pattern on today’s chart is the August peak of $34.49. Strong earnings propelled DKNG through that level in the first half of November. It continued higher and pulled back, but is now …

For more, please click here to view the related idea and chart analysis on TradingView.

DraftKings (DKNG), daily chart, with *selected patterns and indicators, courtesy of TradingView*.

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