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Draftkings Stock Chart Analysis: Major Support Hit

Shares of Draftkings Inc (DKNG) tagged major technical support today. Based on the Draftkings stock chart analysis, there is a major support pivot at $38.25 as well as a 75% retrace of the recent move. The RSI is nearing extreme short-term oversold as well at 34. The Draftkings stock chart analysis signals a bounce in the stock coming back to $45.00. This is classic swing trade alert setup for investors looking to profit from near-term moves in the stock. Draftkings has rallied from below $11 in March 2020 to its recent all-time high of $64.19. This pull back gives swing traders their first opportunity for a bounce. Draftkings stock chart analysis is key when finding major support and resistance levels. It had us short above $60 and now scooping up a small position on the long side with members.

Members of Gareth’s Verified Investing Alerts have closed out 176 swing trades already in 2020 for a net gain of 1,528.11%. Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE