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Looking at the DraftKings Inc (NASDAQ:DKNG) chart, we can see that it is in a downward trend, hitting a new all-time low at around $15.12 yesterday and then closing at around $15.29.
Today, due to the Chinese tech sell-off, we could expect its price to test its support level again at around $15-15.15.
If able to hold above that level, we should expect a rise towards its resistance level at around $15.50, and if able to pass it, it should approach its next resistance level at around $16.20.
If not able to hold above its support level, it should fall to a new all-time low level.
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