DoorDash (
DASH) posted a strong breakout today, clearing all-time highs with clean technical structure and rising relative strength.
This move is mimicking the HOOD breakout from yesterday, showing similar behavior: tight action near the highs, a well-formed cup and handle base, and a breakout that signals accumulation. Before that, DASH formed a double bottom, creating a base-on-base pattern — a classic sequence seen in leadership stocks.
Price is stacked above all major moving averages (10, 21, 50, 200), showing technical health. Relative strength is trending higher and confirms DASH as a name showing early leadership. While volume wasn’t explosive today, we’d like to see it increase to validate the move.
Trade Setup:
📈 Entry: 215.25 – 226.28
🛑 Stop: 204.49 – 214.97
🎯 Target: 245.39 – 257.96
DASH continues to expand in delivery and logistics while improving operational efficiency — a strong fundamental backdrop to pair with this technical setup. We’re watching for continuation or a secondary entry on a pullback or tight flag.
DASH) posted a strong breakout today, clearing all-time highs with clean technical structure and rising relative strength.This move is mimicking the HOOD breakout from yesterday, showing similar behavior: tight action near the highs, a well-formed cup and handle base, and a breakout that signals accumulation. Before that, DASH formed a double bottom, creating a base-on-base pattern — a classic sequence seen in leadership stocks.
Price is stacked above all major moving averages (10, 21, 50, 200), showing technical health. Relative strength is trending higher and confirms DASH as a name showing early leadership. While volume wasn’t explosive today, we’d like to see it increase to validate the move.
Trade Setup:
📈 Entry: 215.25 – 226.28
🛑 Stop: 204.49 – 214.97
🎯 Target: 245.39 – 257.96
DASH continues to expand in delivery and logistics while improving operational efficiency — a strong fundamental backdrop to pair with this technical setup. We’re watching for continuation or a secondary entry on a pullback or tight flag.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.