Trade ALERTS – DKNG* / UNG* – 10/7/2021
The Next Profit Accelerator Trades Are Ready:
BUY CALL (or stock if you prefer above $51)
EXPIRATION: NOV 19
ENTRY: PRICE RANGE: $4.30 or Better
TARGET: $8STOP: $3.80
*This trade triggers if DKNG breaks out of the consolidation of the past couple weeks (which is also a rally above the daily 10 ema). The 10 ema can be used as a technical stop area.
BUY CALL (or stock if you prefer if the stock trades above $19.90)
EXPIRATION: DEC 17
ENTRY: PRICE RANGE: $4.40 or Better
*UNG is a play on the rising natural gas prices. The stock is in a trend and currently is finding support at the 20 ema.
NOTE: Keep in mind the markets are volatile and news driven these days. Consider smaller positions with clear and reasonable stops for your portfolio. Also, take consider taking profits when stocks approach resistance levels.
*Keep in mind, these are not hard stop rules. You can always chose to exit trades early or stay in trades longer.