DKNG Trade on Oct 5, 2020 10:08 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Offering 32m shares part from the company and part from a major shareholder
• Trading at all time highs for the last week or more
Technicals
ADV 17.01m RVOL 1.21 ATR 4.81 Short 6.59% Inst Own51.5%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Long at 56 would be something to hold for a swing and add at 54 risking 53.50
• PM range is not looking workable,
• If this start to look like an inside day play the range 64 to 60
Reading the Tape
Yes I saw strength more than once at 59 ish
Trade Management

Trade Notes
I watched this sell off intra- day high from the 9-29 and that day's opening print. This level was the prior high or relative test of 60 acting as resistance on 9-30. This turned to a support level with multiple tests over the last couple of days. I decided on taking at 59.50 and caught the initial bounce helping my willingness to add if it would test 59. Where I did manage to add as I wanted to twice with tape looking to turn both times. I was able to get most of this of as it tested the 59.50 level. I was looking to add if this would pull back to 59 again and missed both opportunities. The first set I missed due to a screen break and some meditation time and the second on hesitation. I decided that I would limit out at VWAP ending the trade. This was well - managed with great discipline with the one exception of missing an add at the retest of the morning low.