Implosion Continues

Several updates from Michael Bordenaro, link here and here paint a bleak picture for fast-food and the ‘gig’ economy.

From all-time highs to last Thursday’s close, DASH, is down over 45%.

The chart above, is brief but effective.

It shows a trading channel with price action contacting the right side, a Fibonacci 5-Weeks from the pivot lower (not advice, not a recommendation).

Let’s add, the week labeled as “1”, is also a Fibonacci 21-Weeks from all-time highs.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279