Draft Kings has completed its Head and shoulders after breaking the neck line at the start of November.
A sensible price target would be the the point at which the neck broke - this also correlates with the golden pocket region.
I do think that DKNG might have another 10% or so to fall, as the strength trading system ( as taught by enTHUZed ) would require us to form a tertiary low where the RSI kisses the 32% mark, ( at the moment its at 34% )... so not far to go now.
A sensible price target would be the the point at which the neck broke - this also correlates with the golden pocket region.
I do think that DKNG might have another 10% or so to fall, as the strength trading system ( as taught by enTHUZed ) would require us to form a tertiary low where the RSI kisses the 32% mark, ( at the moment its at 34% )... so not far to go now.
Kommentera:
3rd RSI retracement ( back to 32 ) occurred. Onwards and upwards