Very nice here from $DKNG, since Wave 5 completed, we got a pull back exactly to the 0.38 Fib and then a bounce to the 50 Day MA and a clear rejection with a number of tests.....I want to see this continue to reject and then pull back further to a lower low, between the 0.5 Fib and 0.618 Fib at $35 - $33
The 50 Day MA is just slightly above the 0.5 Fib so this level must be watched for support too.
Jeff Vox
2024-11-13 20:23:41 +0000 UTC