DoorDash … Reversal Update

Volume Clues

First time coverage on resistance and (potential) downside reversal on DASH, was here.

At this juncture, DASH gives us a volume clue.

Bert Dohmen commented in recent interviews, that ‘no one looks at volume’.

He (Dohmen) thinks it’s important as did Wyckoff and David Weis; covered on this DVD.

Today’s action stalled at resistance (blue line).

Volume compared to the prior session, contracted by -32.61%, or –33%.

We can see, there’s not a lot of distance to confirm a reversal (down) or continuation to the upside (not advice, not a recommendation).

Stay Tuned

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

Buy Now, Pay Later

DoorDash, Tracks Klarna

Buy Now, Pay Later, Klarna (KLAR) went public last September 10th.

It’s been (almost) non-stop downhill, from there.

From the IPO, KLAR is now down -37.65%.

Looking at DASH during the same time-period, shows near one-to-one correlation (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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

Consumer, Running on Fumes

If the consumer was just fine, then we wouldn’t have announcements of one business failure, or plant closure after another, here, here and here.

DoorDash (DASH) falls into the (completely) discretionary camp.

Does anyone really need this?

The chart shows a massive (largest ever) downward thrust on November 6th, from which DASH has been attempting to recover.

This past week, it looks like that recovery has failed (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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