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.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.