Key Takeaways
- DraftKings shares rebounded on Tuesday from a steep decline the previous session that followed news Illinois lawmakers had passed a budget that includes a new sports betting tax.
- The stock broke down below the bottom trendline of a flag pattern in Monday’s trading session, potentially setting the stage for further selling.
- Investors should watch crucial support levels on DraftKings’ chart around $29 and $23, while also monitoring vital resistance levels near $39 and $47.
DraftKings (DKNG) shares rebounded on Tuesday from a steep decline the previous session that followed news Illinois lawmakers had passed a budget that includes a new sports betting tax.
The budget includes a new provision taxing every sports bet…
