Quest Capital HK - DraftKings Stock Turns Out to Be a Good Bet

QUARRY BAY, Hong Kong - July 6, 2023 - PRLog -- DraftKings stock has provided multiple opportunities for gains this year, making it a wager worthy of multiple wagers.

DKNG Stock as an Example of Swing Trading

This year, DraftKings (DKNG) stock has already been traded three times on SwingTrader. A previous column described its March follow-through day entry.

Taking a third off into strength (2) aided in keeping the trade profitable when it was ultimately closed after a 6% gain nearly completed a round-trip.

Despite the fact that the stock ended up recovering that day, DKNG stock fell further before finding support at its 50-day moving average line and could have easily been a losing investment.

DraftKings stock ended up making a positive move without us, but a significant portion of that was due to a 15% increase following its earnings report (5). Due to the fact that we do not hold through earnings, we cannot lament missing these types of maneuvers. If anything, we can heave a murmur of relief when the stock goes in the opposite direction with large margins down. These types of losses can nullify many of our modest gains.

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