DKNG
Intraday Fundamentals
• This is finally looking like it has found a temporary bottom with 35 being the support level that looks to hold
• Some short interest has come out of this name
Technical Stats
ADV 24.1, RVOL .74 ATR 3.22 Short 6.68% Inst Own 48.70
Daily
Hourly
Intra
Trading Strategy
• LONG 36 and be ready to hold for weeks
• 36.50 if it breaks and holds at the morning, do not start as heavy here
Reading the Tape
I read it badly.
This was a great trade. I planned on adding in and working this until it found a morning HoD. It gave me a solid add below that at .49. I needed to be at tier one when I started this though even if I enter thinking that I am scaling in. However, I did think there was a chance that I would have to add up to 38. I held the runner until target at VWAP. Although, I got filled on the quick bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-03 09:48:21 | DKNG | sell | $37.285 | short |
2020-11-03 09:48:57 | DKNG | sell | $37.370 | short |
2020-11-03 09:50:01 | DKNG | sell | $37.490 | short |
2020-11-03 09:51:05 | DKNG | buy | $37.230 | short |
2020-11-03 09:52:15 | DKNG | buy | $37.215 | short |
2020-11-03 10:05:54 | DKNG | buy | $37.060 | 0 |
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