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 a 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.
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