Draftkings, Inc (NASDAQ:DKNG) hit near to the 52-week low of $13.06 again on Friday but began to bounce up from the level at 10 a.m. when the S&P 500 began to make a reversal from its low-of-day price.
DraftKings’ reaction to the level, when paired with similar price action on April 28, has set the stock into a possible bullish double bottom pattern on the daily chart, which indicates a reversal could be in the cards.
