DKNG
Intraday Fundamentals
• Technical play..long??
• This has not given a bounce on any of the level,
• 32.50 is about a 50% pull back from all time highs
• Seems to be trading with the SPY regardless of news
Technical Stats
ADV 23.42m RVOL 1.23 ATR 3.50 Short 6.75% Inst Own 48.7%
Daily
• None of the support levels have held over the last two week with the exception of and the run back into 52
• Still looking real weak on the daily
Hourly
• Methodical step down on the hourly
Intra
Trading Strategy
• Long 35.20 if it gets there
• Work the open VWAP short or long if it break 38 to the upside or 37.10 to the down side
Reading the Tape
ON the HoD short where the charts was looking extended, I was watching the tape and seeing the volatility compress as it came into 39.30.
Trade Management
This was looking extended from the opening run and started looking like I could short and add to a couple new highs and be able to get some run back towards VWAP. I was prepared for the new add and a couple more based on some levels in the prior day of trading. However, it stopped at .50 almost on the money where is added and got a run that I need to hold until target or VWAP at 38.75 ish at that time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-28 10:08:16 | DKNG | sell | $39.270 | short |
2020-10-28 10:13:15 | DKNG | sell | $39.475 | short |
2020-10-28 10:14:46 | DKNG | buy | $39.235 | short |
2020-10-28 10:21:03 | DKNG | buy | $39.040 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!