Discover more from The Stock Market Academy

Learn the ins and outs of the stock market with simple strategies and price patterns. 15+ years experience. Easy to digest, written at a 9th grade level.

14% Rise for Draft Kings, Buy Signals Manifest Solid Earnings

Technicals often give a hint as to what the news will be.

Hanna Kassis

May 5, 2023

Two days ago I noted how the stars were in alignment for Draft Kings DKNG 0.00%↑ to rocket higher.

They reported earnings yesterday, and pre-market they’re up 14%.

This might seem like a coincidence, but I don’t believe it is. For the record, I did not know their earnings would be the day after I posted about the company.

I just saw the signals…

And I truly believe technicals manifest price action, and price movement is a self-fulfilling prophecy.

The mind of the market knows something we don’t, and if you want clues as to what the “collective mind” is thinking, technical analysis is often the answer (but, not always).

Use your judgement.