DKNG Trade on Nov 9, 2020 09:57 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Vaccine announcement should be lifting sports restrictions
• Less sport uncertianity
• Found a bottom at 35, 44 resistance has been tested and 43 has held since
Technical Stats
ADV 25.26 RVOL .71 ATR 3.11 Short 6.68% Inst Own 49%
Daily

Hourly

Intra

Trading Strategy
• Long 43 and add at 41.50( this will take some patience)
• Use the pm range for a early VWAP or SMA Play.
Reading the Tape
Trade Management
Trade Notes
I started watching this just before 10 am est as it looked extended coming out of the opening. I was thinking that this had a great chance to bounce at 41.50. I watched the momentum start to stall with a small bounce off 42 but not enough strength to retake 42.20. I decided to take a small bit at .87 a Prior Day, small, late day low willing to take in more at 41.50 and targeting the PM low 42.45 ish. I never got the extra flush to get me a bit bigger. I did manage to get a bit better than the target though.