Follow the RSI and Mama Cathie $DKNG

Listen up you degenerate gamblers. I'm going to tell you how you can make sweet sweet tendies on other degenerate gamblers. There's a little TA indicator known as RSI. I'm not going to explain it, because none of you will pay attention long enough to comprehend. Straight to the point. The RSI on $DKNG is in the OVERSOLD range and has only been to it's current range on the daily chart two other times in the last year. Both times it has reached this level of being OVERSOLD it has rallied significantly in the following 30 days. On 10/30/20 the daily RSI hit 30. The following rally gained 58%. On 5/6/21 the daily RSI hit 30. The slide continued for a few days, before rallying 36%. (If you calculate from the day RSI hit 30, it's only a 15% gain) On 7/15/21 the daily RSI hit 30. Where will we go from here? It may slide for a few more days, but that will make the rally even bigger. Earnings are on 8/6/21 Targets for 8/15/21: $60 = 34% gain $65 = 45% gain On top of this, mama Cathie continues to buy and is now at a total holdings of 12.523 million shares. Oh and a little sports league called the NFL is starting a new season soon.... $DKNG RSI Do what you want, but I'm buying. Positions: Shares of $DKNG and a boatload of 8/20 $60c

back
scot-tagscot-icon

Scouted Idea

We scour the net for great ideas, so you don't have to

Original Post

portfolio-reddit logo

tdk_12

Jul 20, 2021

8.90%

Change % Since Posting

45.85

Price When Posted

4.08

Change Since Posting

DKNG

DraftKings Inc - Class A

49.93

-1.46
-2.84%
Current Price

Is this your Reddit account?

Claim this username to collect earnings from this post, and the portfolio!

portfolio reddit logoportfolio utradea logo

Follow the RSI and Mama Cathie $DKNG

bullish

Listen up you degenerate gamblers. I'm going to tell you how you can make sweet sweet tendies on other degenerate gamblers. There's a little TA indicator known as RSI. I'm not going to explain it, because none of you will pay attention long enough to comprehend.

Straight to the point. The RSI on $DKNG is in the OVERSOLD range and has only been to it's current range on the daily chart two other times in the last year. Both times it has reached this level of being OVERSOLD it has rallied significantly in the following 30 days.

On 10/30/20 the daily RSI hit 30. The following rally gained 58%.

On 5/6/21 the daily RSI hit 30. The slide continued for a few days, before rallying 36%. (If you calculate from the day RSI hit 30, it's only a 15% gain)

On 7/15/21 the daily RSI hit 30. Where will we go from here? It may slide for a few more days, but that will make the rally even bigger. Earnings are on 8/6/21

Targets for 8/15/21:
$60 = 34% gain
$65 = 45% gain

On top of this, mama Cathie continues to buy and is now at a total holdings of 12.523 million shares. Oh and a little sports league called the NFL is starting a new season soon....


&auto=webp&s=a90c62743c39150c1ed4085d5eb6ad53c631eb5d">$DKNG RSI

Do what you want, but I'm buying.

Positions: Shares of $DKNG and a boatload of 8/20 $60c

Comments

Write your comment....

Sign in to comment

read-time
1 min

65.00

Target Price

9/ 10

Confidence

1-2 Months

Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

Access the latest tools and discussion channels with an account

reddit-sentiment

Reddit Sentiment
Analysis

portfolio-balancer

Portfolio Balancer
with brokerages

sec-dashboard

SEC Dashboard
with LNP

DKNG Channel

Start new chat
aiodd-ad
next