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Four Horsemen Trading
Weekly Watch-List for August 16th
#3

$RSI

Float: 53M
Cash: 361M

Bias: 50/50
Key Level: 13

Support: 13.75/13 then 12 then 11 (gap fill)
Resistance: 14.5 then 16.20

Thesis:
- Gambling/Gaming Play
- Some really great Q2 stats with revenue and active users both getting triple digit increases
- The ER came off the back of a gap up off DKNG acquisition news. Sending sector higher
- Friday we saw a really nice breakout on just above average volume breaking the 200ema
- Friday also saw a sell off back down to the 200ema.
- If price breaks key level of 13 then i'm looking for a "Traders Remorse" pull back to prior resistance around 12 then 11 gap fill
- If price stays above 13 i'm looking for a retest of 200ema at 13.75 then 14.75 and 16

https://fourhorsementrading.substack.com/
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