Not surprised to see $ARK funds selling out of $DKNG, it has had a well structured Impulse Wave up and now confirmed ABC corrective wave down.
I would not touch this until it moves down a lot further, especially down to the 200 Day MA at $22.50 right now and it may be considered an attractive buy.
This has been textbook, hit the second target at Wave 5 and has declined perfectly since.
Arty Pen
2023-10-20 00:09:15 +0000 UTC