DraftKings | DKNG | Long at $34.36DraftKings Inc.BATS:DKNGWorthlessViewsTechnical Analysis DraftKings DKNG entered the bottom channel of my selected historical simple moving average ("regression to the mean"). Given the existing upward momentum and growth prospects, it's "likely" going to close the highest open price gap on the daily chart at $59.12. Revenue and Earnings Growth into 2028 Doubling of revenue projected by 2028 ($9.92 billion) compared to 2024 ($4.77 billion) 371.4% projected earnings increase from 2024 (-$1.05) to 2028 ($2.85) https://www.tradingview.com/symbols/NASDAQ-DKNG/financials-earnings/?earnings-period=FY&revenues-period=FY Health Debt-to-Equity: 1.9x (medium-level risk) Altman's Z-Score/Bankruptcy Risk: 2.8 (very low risk, but over 3 is best) Insiders Warning: A LOT of selling and no buying. http://openinsider.com/DKNG Action The projected growth of DKNG makes sense as more people entering the risky gambling world. While economic downturns are not favorable for vacation gambling destinations, they are favorable for online betting as consumers seek "viable" economic options... it's a dirty game we are all playing as traders here. While there is risk of the price gaps down to $15-$16 getting closed during a real crash, I just don't think the market is there... yet. Insiders selling and the competitive landscape are red flags, but from the technical analysis to the fundamentals, this looks like a promising growth stock. Thus, at $34.36, DKNG is a personal buy zone with near-term risk between $28-$30. Targets into 2028 $47.00 (+36.8%) $58.00 (+68.8%)