Chart of the Day: Potential Uptrend in DraftKings


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.
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform