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DraftKings Stock ($DKNG): New Price Target! Bullish Reversal or Bearish Continuation? - Draftkings Stock Quote

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DraftKings just got an updated price target from a Morgan Stanley analyst. The stock popped 5% today on this news, and today we are going to break down the technical levels of DraftKings. By the end of this video, you will know what key price levels to watch for to decipher whether this is a short-term jump in price due to news, or if this is going to lead to a bullish reversal. Typically, I do not put too much weight on analysts' price targets as they are often built upon assumptions. They can, however, move price when announced, which I believe was the case today for DraftKings. You should never trade purely on one analysts' recommendations or just technical analysis. Below are some fundamentals of the company to review before opening a position in this (or any!) stock Fundamental Resources: SEC Filings: - Price Quote: - Ratios: - DKNG Investor Relations: - NOT Financial Advice. My videos are meant to be educational purposes only. ALWAYS do your own due diligence. Best Books for Stock Chart Education: Stock Charts for Dummies: - Trading Desk Booklet: - Candlesticks Explained: - Stock Chart Setups: - The Intelligent Investor: - Candlestick Poster: - Chart Patterns Poster: - Microphone Used: - *While I analyze my stocks on WeBull, the main brokerage I trade on is Charles Schwab* (I have accounts on TD Ameritrade and Fidelity as well, which are great!) *Please note some of the links above are affiliate links, in which I will receive a commission, at no additional cost to you _____________________________________________________________________ Weekly Stock-Picks on Patreon! 👉: - 5% OFF Unusual Whales: - Tweet me!: - Join the Free Discord!: - TWO FREE WEBULL STOCKS: - FREE ROBINHOOD STOCK: - JOIN BLOCKFI & GET $10 in Bitcoin: - Biz Inquiries: - Become a channel member to get priority responses on live streams and video requests!: -

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DraftKings Stock (Ticker: DKNG) - Huge Growth In Online Sports Betting

, DraftKings has been a hot stock in 2020, running all the way up past $60 after starting out around ~$20 a share when they went .

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