Moon Gang 🔥🔥🔥
Don't Sleep On These Stocks!
Let me know your thoughts on PENN Stock & DKNG Stock in a comment below!
Get up to $250 FREE in Bitcoin: https://blockfi.com/matt
Safely Store Your Crypto: http://bit.ly/KohrsNanoX
🚀 YouTube Channel: http://bit.ly/MattKohrs
🐦 Twitter: https://twitter.com/matt_kohrs
📷 Insta: https://www.instagram.com/matt_kohrs/
💰 Webull: http://bit.ly/MKohrsWebull
✅ Charting Software: http://bit.ly/TradingViewChartingSoftware
Book Recommendations:
📖Technical Analysis: https://amzn.to/3p6QYk8
📖Trading Psychology: https://amzn.to/2Z3sjCM
📖Stock Operator: https://amzn.to/2N76K1j
📖Pit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
🎧 Apple: podcasts.apple.com/us/podcast/moon-money/id1550699494
🎧 Spotify: open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#PENNStock #DKNGStock #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Performance results are hypothetical and all trades are simulated. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Video Topics:
penn stock, penn stock analysis, penn stock prediction, penn national gaming stock, penn national gaming, dkng stock prediction, dkng stock analysis, dkng technical analysis, dkng analysis, dkng options, barstool, gambling stocks, penn vs dkng, best stocks to buy now, best stocks to invest in 2021, best stocks 2021, best stocks to buy, top stocks to buy now, top stocks, top stocks to invest in 2021, top stocks to buy, investing, stocks, stock market, matt kohrs, matt kors

What's going on moon gang, let's do a quick technical breakdown of two of my favorite gambling: songs, pen, national p, e n n and draftkings ticker symbol, dkng. Let's kick things off with pen, because i think it's in a pretty tech, interesting technical situation, uh pen right now is trading at 119. Over the past week it is down 0.7.8, but from the start of 21 2021. Until now, it is up 37.5, which is very, very interesting on the screen.

Now we have levels of technical support and resistance. When i say support, i just mean areas that it's bounced off of resistance is areas that it's been rejected by just so you know, the current all-time high on pen is right here at 129. On the bottom, we have my favorite technical indicator, which is the relative strength index, also known as the rsi. Basically, it maps out bullish momentum against bearish momentum when it gets very high.

That's a lot of bullish momentum when it gets very low. That's a lot of bearish momentum. A lot of people like to use it for reversion plays so anyway, since the start of the year, draftking or um. Excuse me: penn national gaming has been doing very very well at one point: it was uh almost 61 from the start of january and right now, it's up 48, but why i wanted to bring it to your attention.

Well, first of all, you should know that i am bullish on penn national gaming. I view it as more and more of the us opening back up that the stock will do well, but on top of that, it has amazing exposure to the digital media. Brand uh barcelo sports, which is uh with the founder of dave portnoy, seems like whatever he touches does turn the goal. So i'm on it for two separate reasons, and i think it'll just continue to push the stock higher and higher for more of a technical perspective.

Right here we're looking at the daily chart. Previously, it was battling it out at 110 and from there it finally broke out on february. 4Th went up hit a new all-time high of 129. Since then, it's been selling off which gave the rsi down here a chance to cool off, and then it found support at previous resistance.

That is super super common in the world of trading resistance turns into support. Support turns into resistance, so right now why i like it is basically the risk reward is pretty favorable. You can use 110 as your risk, which is about eight nine dollars away, and then your reward is all the way up to 129 and, of course, if there's enough bullish, follow-through it could break through, which would then optimize your reward. Let's take a quick look at the 30-minute chart uh, so it has the same levels of support and resistance.

Once again, the rsi is at the bottom, but following this nice push from 100 to 110 all the way up to 129. There was a sell-off, and here we saw that there was a lot of bearish momentum uh in pen and since then, it bounced at 110 and we're seeing the bulls finally step back in. So what i'll be looking for in pen is for 110 to hold eventually make its way back up to 129, and of course, after that, i will be looking for a nice technical bullish breakout. On the other hand, we do have the online sports bending company draftkings kind of a similar situation, so here we can see that back in october of 2020, draftkings was rejected right at 64.
from there it sold off found support at 35. Once again. This is why we do technical analysis. It's just so important.

They bounce off of 35 back in september then, once again in november, price levels that are important in the past tend to be important in the future um. Then it came up rejected right here at 56 and then i got in actually myself at 45.. I don't have a position in pen, but i do have a position in draftkings. I am looking to create a new position pen very, very shortly so anyway.

The reason i knew to watch 45 was because it was rejected here once again. Resistance loves to become support after bouncing off of 45 right when i got in it did struggle a bit at 56, where it struggled twice before and then from there. It shot up to 64, which is now acting as resistance, not that big of a surprise. So what i'm looking for in draftkings is for it to either pull an early u-turn or to pull a u-turn right at 56, test 64 for a third time and then break out.

So basically this is a classic cup and handle pattern. So here's the cup from 64 down to 35 all the way back up to 64 and then we're looking for a handle to be formed. Basically, we're just looking for it to come down, create a new higher low and then on the next test of 64 to break out cup and handles are very, very common technical patterns, you're, going to see them a lot and they're, typically very, very bullish. Obviously, no technical indicator or patterns ever ever going to be perfect, but i do like the odds of this situation overall right now as i'm making.

This draftkings is trading at 61., it's down 4.4 on the week, but from the start of 2021. Until now, it's up a very, very respectable 31. Let's quickly switch over to the 30 minute chart just so we can see what's going on there. So after hitting this high at 64 that double rejection top, we have been coming down and trading at 61, but overall, the pattern of it is higher highs, higher lows, which is definitively bullish so, like i said, if we go out far enough, we'll see that coupling Handle pattern, but i'm looking for it to put in a new higher low, which will be the base of the handle and then i'm looking for, follow through and then i think the stock will really really run if and most likely when it can break out of 64.60, so definitely put pen and draft kings on your watch list, especially if you like these gambling socks, because to me um.

I think they have a very bright future, but i would love to know your thoughts on both of these stocks. Let me know if you're bullish bearish, let me know if you think i'm missing something personally, i'm bullish, but let's wait and see how all this can play out. Let me know your thoughts in a comment below you.

20 thoughts on “Gambling stocks for the win don’t sleep on these jackpot stocks!”
  1. Avataaar/Circle Created with python_avatars Eagle Fan says:

    I should have got PENN at 5 a share, it was on my radar at the time

  2. Avataaar/Circle Created with python_avatars mr. jozo says:

    there is a hypehyper tuesday in da making 4am c gm e

  3. Avataaar/Circle Created with python_avatars A S says:

    Jesus, you must work directly for the hedge funds :/

  4. Avataaar/Circle Created with python_avatars Beyond The Game says:

    Love your channel. Started plowing you since the 🚀. Ur tech analysis is very helpful. Thank you. I’m a stay connected for sure.

    Stay blessed 💯

  5. Avataaar/Circle Created with python_avatars Ken Pirr says:

    ELYS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  6. Avataaar/Circle Created with python_avatars Biff Bifford says:

    You can search for Cup and Handle Formations using FinViz —– <Ascending Triangles>. That's as close as you can get to a broad search for free. Not all will return the Cup and Handle, but that's what you get for free. PENN is bullish and has been since 11/10 when the internals changed. If you use the Fib Extension tool from 11/3 to 12/23 and down to 1/4, you will see why $129 was rejected and why it may take some time to punch above. A Bull Call Pread is the best short-term play will less capital at risk and 70 percent winning odds. DKNG is going through a typical distribution phase, so volume is key. An Iron Condor 5 dollars wide with 2-dollar legs is the safe play, IMHO — professional traders use the 8 — 13 — 21-day moving averages to help determine momentum. When you learn to use this powerful technique, you can predict buy and sell signals. Have a great week trading! SBUX looks suitable for the April 110 Calls with a stop at $98. God Speed!!!

  7. Avataaar/Circle Created with python_avatars AREG says:

    Im still holding on OCGN, but I bought at around $16. And im losing right now. Any advice?

  8. Avataaar/Circle Created with python_avatars Money OhYeah says:

    Can you do a technical analysis on DOYU, HUYA, and PING?

  9. Avataaar/Circle Created with python_avatars Meesh says:

    What do you think about Roundhill invet. & their ETFs –> BETZ

  10. Avataaar/Circle Created with python_avatars droman80 says:

    Love that I found u Matt,found u during the GME train and been riding ever since
    Ur a MAJOR asset to my daily life now bro👊🏾

  11. Avataaar/Circle Created with python_avatars Andrew Wolf says:

    ESports Entertainment went from 8 to 17 plus last week , helped me out during the madness

  12. Avataaar/Circle Created with python_avatars Antonio McAllister says:

    So would the best time to buy is when the dip stops and you see bullish activity begin to rise or right before it rises

  13. Avataaar/Circle Created with python_avatars D Man says:

    My guy going hard putting out content!

  14. Avataaar/Circle Created with python_avatars JNL says:

    So did you stop covering GME? Seems you kinda just dropped the ball on it and promote the hell out of everything but GME now. Whats up?

  15. Avataaar/Circle Created with python_avatars Troys Dog Training says:

    He was looking for royalty free music and landed on a hype trap beat. I get it tho, it gets the kids going.

  16. Avataaar/Circle Created with python_avatars Brandon Rutledge says:

    I think DKNG is going to pop off soon.

  17. Avataaar/Circle Created with python_avatars Alexa Althoff says:

    Markets are closed but Matt is still on top of business!

  18. Avataaar/Circle Created with python_avatars CaliDog 310 says:

    I love gambling but can’t afford these got any in the $5-10 range? Thanks

  19. Avataaar/Circle Created with python_avatars Matt Kohrs says:

    Let me know your thoughts on PENN & DKNG in a comment below!

  20. Avataaar/Circle Created with python_avatars World Goyim Unite says:

    The big NFT players are all starting to realise the problem with NFTs on ETH platforms…………… The migration is happening! Tezos XTZ

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.