DKNG Trade on Nov 2, 2020 09:47 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Working on 50% retracement from ATH.
• Long term level of support at 35 and 32
Technical Stats
ADV 24.06 RVOL 1.04 ATR 3.36 Short 6.68% Inst Own 68.4%

Daily
Hourly

• This is showing a step down almost daily.
• 35 is a longer term level that came in play on Friday
Intra

• Early PM low 35.50
Trading Strategy
• Look for longs off 35
• Consider 36 long if it breaks and holds on a subsequent test
• Opening VWAP set up if a PM low or high
Reading the Tape
I would say that there was enough weakness on the tap to get me out of the loser on this quickly as it did not seem to be changing as the level was trying to hold.
Trade Management

Trade Notes
There was a nice stall on the tape in the low .90s. This was matching up with the opening push and the breakout of an opening drive. I entered late in the candle which allowed me to take a little less than 15 cents on the trade. I was sized small not allowing me to take a partial. My exit was a little arbitrary and was also added. It start to fail well below the HoD and dropped .50 quickly when I took the position off.