does this pattern generally reflect the possibility of dropping back to 50 over the next month if it falls below 60 ??
Browse Symbol Stacks: DKNG: slopechart_DKNG.jpg
DKNG precariously positioned.
The trendlines and horizontals I've drawn are what I deem support/resistance. No one knows, but my guess is, yes, once it looses the blue wedge, 50 -or close to it- is a reasonable target. Fwiw, my line is at 48.21.