$DKNG has broken above its 50 Day MA, after testing its 0.38 Fib on the pull back, which tells me that this was in Subwave 4 on the pull back and in Subwave 5 now, since it has broken above its 50 Day MA and made a higher high.
The obvious level for Subwave 5 to complete is the 200 Day MA at $39, so this is what I would be watching for
Moving in an impulse wave is all bulls and holders need to see.
Phil Smith
2024-09-17 19:43:20 +0000 UTC