I've spent a lot of time, but found a very promising company f | 🚀 Robin Rocket
I've spent a lot of time, but found a very promising company for a mid-term position
Ticker - $DKNG
Entry point: up to $52 (buying only by limit orders)
Exit points: $58-62
We all know that gambling existed, exists and will exist as long as there are people on Earth, so investing in a medium/long-term position in a company that provides it to the audience sounds good.
Fundamentally: the company has prospects, but now it does not bring profit and reports are worse than expectations, but at a distance everything will level out, as analysts lower expectations and I think for a reason. It is possible that the next report will come out positive to push the paper up.
Also, signed a commercial agreement with Fertitta that will enable cross-traffic, leading to an increase in revenue and customer base.
On the technical side: I see a signal for an uptrend, perhaps even a turning point, which will serve as a starting point for our goal. The stock has fixed higher above the resistance line and the probability of growth at the moment is higher than a return under resistance.
Remember that there is no 100% guarantee of growth, this is my analysis, not an investment recommendation.