DoorDash Trendline Break Or Rejection?
Doordash IPO not long ago and it continues to drop day after day. Price has been holding around this range for last 3 trading days which is a good sign for bulls. With a trendline nearby, will be watching this stock this week to see if it break or rejects. The break of this trendline and closing above it doesn't mean the start of a bull run up. Just means there are potential profit taking for bulls short term if you buy at the break. Stocks that break trendline can move up a few % then continue down.
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