$DKNG has struggled since its previous peak at $44 and is back down to its 200 Day MA at $38 again for a test of support, some weakness was shown on Friday but the price action managed to hold this moving average to finish the week.
Below the 200 Day MA and we would expect another test then of the 0.38 Fib at $34 and if this level does not hold for a second test, the 0.5 Fib at $29 is in play.
We will know more this week coming when we see how it behaves at the 200 Day MA
Ryan Hux
2024-08-01 23:47:00 +0000 UTCPhil Smith
2024-07-03 06:13:26 +0000 UTC