SamSuka
The Long Investor
The Long Investor

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$DKNG

$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.

$DKNG

Comments

DKNG finished at $38.24 yesterday, currently above $39 if it finishes around this level today does it indicate wave 5 is complete and we can add impulse wave?

Phil Smith


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