DKNG Trade on Sep 3, 2020 09:54 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Second day Play closed flat after early sell off
• Testing mid-term trend line that held yesterday currently at 40.20ish at the open
Technicals
ADV 13.84 RVOL 3.68 ATR 2.70 Short 8% Inst Own 51.5%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Long this around 39 if the market is flat and if it gives a set up that can keep the risk less than 1.5 points
• VWAP tests expecting a range of between 40.50 and 39
Reading the Tape
Trade Notes
VWAP Resistance, Short-Term Level as Resistance-I limited into this after watching this reject since it broke under early in the session. I was holding to see if it would flush the PM low before taking the short at VWAP as part of the rule set. Once it met that condition and started to rebound I committed to the short at VWAP targeting 39. It moved big against me right away leaving me adding at a short-term level that I had in front of 40. This allowed me to get out with a small that I could have held a little longer with some better self- talk.