DKNG Analysis (1Hr Chart)
Weekly
- Bullish Engulfing Candle w/ Bullish Momentum
- Overbought RSI (However, it did have RSI Above 90 for Months Prior)
Daily
- Break of Symmetrical Triangle w/ Increasing Volume and a 3x Volume Candle on June 19th
1Hr
- Ascending Triangle, Looking for a Break of the Supply Zone
- Expecting a Bullish MACD Cross in the Coming Days
Prediction
- A Break of the Recent Supply Zone w/ Bullish Momentum Over the Next Few Weeks
- Price Target: 50.69
- Bullish Engulfing Candle w/ Bullish Momentum
- Overbought RSI (However, it did have RSI Above 90 for Months Prior)
Daily
- Break of Symmetrical Triangle w/ Increasing Volume and a 3x Volume Candle on June 19th
1Hr
- Ascending Triangle, Looking for a Break of the Supply Zone
- Expecting a Bullish MACD Cross in the Coming Days
Prediction
- A Break of the Recent Supply Zone w/ Bullish Momentum Over the Next Few Weeks
- Price Target: 50.69
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