The fundamentals right now for $DKNG are not particularly great right but that is why I believe the price has been consolidating sideways for the last year or so but there is a bullish triangle forming here and if $DKNG can stay above its 50 and 200 Day MA now at $40 then the breakout level is at $45....holding above this breakout level and $DKNG can move higher to the top blue line which is the ATH line at $74
It is vital that they continue to improve on fundamentals and beat on earnings this season.
Tomer Mayrav
2025-01-17 11:46:41 +0000 UTC