DKNG Trade on Oct 30, 2020 10:02 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Sports uncertainty, lull in betting and deep pull back from ATH
• Tight spread, Good ATR
• Market influenced on the downside
Technical Stats
ADV 23 m RVOL .83 ATR 3.34 Short 6.75% Inst Own 48.7%
Daily

Hourly

Intra

Trading Strategy
• Look long at 35 if this sells off again today
• PM range and corresponding vwap long or short
• There should be a longer term bounce here on this. Something that should run back into 42.50ish
Reading the Tape
I see things sometimes that are not there when I am working half and quarter point levels.
Trade Management

I did this trade twice today. There was no reason to take this trade other than a tape read with good risk coming off the .50 level. Other than that, this is not a good set up. I was willing to start chopping M-R levels as we got closer the next level of support I have at around 35.10.