NYSE:DAR long idea
MA and the first two indicators are direction bias (Mean ^, Var ^)
The last two indicators are information theory and not directional.
Retesting the previous range. Longer term downtrend in a play but this could be a turning point, we'll see. If the current level does not hold, use the trend line channel as a target instead. After breaking the descending channel we can start to be more optimistic.
Analysis on DAR for a friend, seems bearish.
Only used one tool for this idea, and that was obvious trendlines of the ray variety.
Still think it's probably bearish, but we'll see in the next few days.
NYSE:DAR has in the passed corrected on avg %40-50 after falling below 200day mvg. Currently sitting %30 below, more time given we can expect distribution to end, and accumulation to resume (buyers step in) around $30-32 area.
Recent analyst upgrades to 80+
Solid earnings resulted in a gap up and it recaptured the Covid lows AVWAP.
It is a strong buy anytime it touches the Covid-low Vwap just below which is now support.
It's eating through the most recent earnings AVWAP sellers and will have clear running room for the next leg up.
Variety is the spice of life. Let's see how this plays out. EmA passing through keep point of support 200 DMA let's see if it bounces or follows through. Would be nice to catch a runner!
Darling Ingredients - a stock on our watchlist - just moved through a well defined pivot point and triggered a buy signal. We have added DAR to our model portfolio.
DAR fulfills all requirements as defined in Minervini's Trend-Template and shows stable fundamentals. DAR is coming out of a long consolidation phase and a sound volatility contraction pattern. The...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
Bars pattern (in green) suggesting a retest of the upper part of the ascending triangle, allowing for a more complete breakout out of the triangle
Bullish above triangle top
Darling has found support at the 200 Day Moving Average, and building higher lows, and higher highs from that point on.
It has also build a base pattern close to its ATH, with a strong earnings support in may.
"Own Tennis Balls Not Eggs"
Nice bounce back after -10% a week as sellers rejected another breakout attempt.
However buyers defended the 10wkMA with a nice bounce and closing just at the resistance zone.
Keep on watch for a blue sky breakout, I think we get one soon based on the tight range and good buy volume (black arrows).
Will remain bullish so long as...
The PEAD projected a Bullish outlook for $DAR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $78.93
Target Price: $80.73
Stop Loss: $75.80
Following DAR for quite sometime since my last sharing, recently it breakout from tight area caught back my attention.
C1: -22%
C2: -12%
C3: -9%
C4: -6%
Let's see.
Disclaimer:
Not a buy call recommendation, sharing based on my personal experience in technical analysis and chart pattern. Trade at your own risk.
DAR has formed a nice ascending triangle consolidation pattern for the last several months.
Pullbacks have shrank from 26% down to 9% while exhausting supply near the $79 area. The stock is now trying to breakout.
Fundamentals are strong with compounding double-digit sales growth and a 200% jump in earnings last quarter.
Risking 7% to see if this move has legs...
