Despite the selling today the stock managed to remain in the green, showing relative strength.
Potential long on a move above Thursdays high $62.75
Upside target $68.70
Potential long above Pivot Point @$64.33
Will look to fill the gap at $72.36.
Stock is overbought so care needed.
The break above the 200ma brought about a fantastic
rally on Friday, so some consolidation may be needed before rally continues
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Very reasonable 10 P/E ratio
A substantial short interest of 13%
Previous targets all hit and up 40% since last post
A break above 100ma should bring us a rally to the 200ma
In the previous Idea chart for DIN stock , Fibonacci levels are wrongly drawn , they are corrected here.
1/ Let me explain why previously drawn FIB levels are Wrong .
2/ In previous DIN idea chart, Fib base 100% is taken as $17.88 which is MARCH 23 close price . This level may be true when somebody is looking for intermediate trade like 30 DAY period.
3/ But...
1/ Previously drawn Resistance line R2 worked as today's High on the dot ,
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , Fib 28% price level coincide with today's...
1/ Previously drawn Resistance line R2 worked as today's High on the dot ,
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , we will see price action retrace to Fib 23%...
NYSE:DIN
Hey.
Today I suggest to look at a more complex paper.
Not many people know how to trade fast breakouts, some on the contrary, love to trade them, but do not know how to trade false ones. Everyone has their own strategy.
So everyone can try it, look at the DIN situation.
Details are described on the charts: D1 (left) and H1 ( right).
There are...
Fed is not anticipating a V shaped recovery.
The fed is currently fighting massive deflationary pressures. Businesses (if they're open) are slashing prices, oil demand is at record lows, etc etc. Even as the fed's balance sheet grows to a record 5.3 trillion, March inflationary rate still fell to 5 year lows.
If this was really going to be a V shaped recovery...
I've been watching DIN for a bit waiting for a break of trend. It was recently upgraded to "strong buy" and is right at ATH's. Nonetheless there's quite the bearish trend on the indicators setting up. Major bearish divergence on the 4HR, 2HR, and 1HR. What I'm waiting for is a break of trend BUT keeping an eye on the resistance level. If there's a major push...
Super interesting (regime change) setup that's typically a s.o.l.i.d hit-or-miss in a (real) short amount of time. When I developed this moving average strategy, the weakest link was an ability to find a (clear) long-term-trade that's in the works of a new bull-run after a long bear market for ___ amount of time. Obviously on a longer-duration chart, a regime...
