$DKNG
Added 2024-05-23 19:31:27 +0000 UTCNot a good set up here for $DKNG as it rejects heavy in the right shoulders at the 1 Fib at $45 and has sunk to $40 now.
I suspect a new lower low will be made and a test of the 200 Day MA will be next at $36.70.
If the right shoulder is Wave B, then we should be in Wave C now, so we would looking for the decline to lose the 200 Day MA to come down to a lower Fib level.
Wave C completing below $34 would make this an attractive position to consider adding.
