DKNG- Technicals show nice breakout -Long entry

DKNG broke out of inverse head and shoulder pattern on 4hr. Recently even in bad quarter corona impacted quarter company generated more than estimated profit. I agree fundamentally it is not apple but entry is based on technical analysis. If works then it offers a great risk to reward ratio. I am not an expert on Elliot wave but I try to incorporate it in a very basic manner. Usually it works for me. Wave 5 begins here. If you measure wave 3 target can be about 60.00. I am happy to get 45 to 50 range. Lets hope it materializes. I like the pattern and will go long. Hoping the run to continue. Today was a nice day for a cheap entry as price retraced to the breakout line. This is just an opinion. Everyone must do their own homework before trading or investing in any financial assets.