DraftKings (DKNG)....An emergihg Phoenix ??

In the past five months DraftKings has managed to erase over 70% of their share price.No mean feat.

Not a lot of history but it does tend to have runs.

Recently the three month down channel appears to have been challenged and broken.

Breakouts tend to challenge themselves so there is no reason this can't retrace and trade near the Jan. 24th low.

Perhaps a little early for this nag but worth watching. We do need some clear evidence of a reversal, so breaching the $25.83 area would be a good start.

Targets and entry points are marked.

Not investment advice... do your own due diligence and be respectful of of broader market conditions,the Fed and sentiments.


S.