DIN stocks are showing huge upside potential with cup and handle pattern. Handle pattern just finished forming, with earnings moved stock form 10$ negative to positive by the end of the day confirming very huge upside potential of 35-45$ in next 2-3 months.
Din exploded after latest earnings gaining 50% in little time. Been in mean reversion mode since arching down to the 55 fib which is where i like em for these scallops. Had a nice niggle today went in with half position will look to add more if this starts to look the part.
* Trade Criteria *
Date First Found- December 5, 2017
Pattern/Why- Momentum Breakout; Bump & Run formation
Entry Target Criteria- Pull back to $50.05 or break $50.95
Exit Target Criteria- $68.73
Stop Loss Criteria- $45.83
Indicator Notes- Crossed above its MA lines
Special Note- Lots of insider buying in August
Please check back for Trade updates. (Note:...
