DKNG Trade on Sep 28, 2020 10:11 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Technical set up, looking to break to ATH
Technicals
ADV 16.33m RVOL 1.33 ATR 3.94 Short 6.5% Inst Own 51.5%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Long 52 if it pulls back that far risking 50
• Long a break of 55.80 if this holds and gives you a pullback into this level, if it does not show a pullback look for a SMA support play on another smaller pullback for a scalp with a runner you can ADD to on pullbacks at 50 and 47 to hold as a possible swing or clear at 2 points
• Short a second rejection of 55.50 if it rejects the ATH once or twice
Reading the Tape
I did see some larger offers that gave some resistance around 57 and 58. I also notes larger size bid on the T&S as this broke away from 55.50
Trade Management

Trade Notes

This was holding 55 and gave me a VWAP test. Which I hesitated taking at the time and then decided to use a my risk to entry this trade near the top of the consolidation range. A better entry here would have been to limit in at the SMA using and SMA support entry to further define my risk. This took a minute or two to start working leaving me taking of teh first partial too early. But, after that, the nest partial allowed for a BE stop and a solid trade set up to hold. I attempted to add to this and ran the subsequent stop to closely and missed the ensuing point runup to a new all-time high.