CFD Trading – Buy Door Dash Inc. (DASH.NYS) @$245.00. Stop @ $235.30 and Target @ $259.90

Door Dash Inc. Stock Code DASH.NYS

Outlook

Price broke above the previous high at $227.40 in the previous trading session, triggering a breakout from a 52-week high. The strong candlestick in the previous trading session hinted of a strong bullish trend at the breakout. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and hinting at a bullish price trend. We think price is likely to move higher to the Fibonacci 161.8% price projection at $259.94 in the next 2-3 weeks.

Strategy 

$245.00              Buy

$259.90              Price Target

$235.30              Risk Management Stop

3 weeks              Trade Duration

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