The up-thrust on DASH (magenta arrow), was co-incident with its conference call.
Then, there was a huge thrust lower on heavy volume.
After that, price action limped higher and now appears to be in contact (blue arrow) with the right-side trend and channel line (not advice, not a recommendation).
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
As of Friday’s close, travel agent Booking, BKNG, is down -27.38%, from all-time highs.
Down more than 20%, joining ranks with DASH, DG, DLTR, DUOL, NFLX, SHOP, and SPOT; all of which more accurately reflect the state of the middle-class consumer, what’s left of them.
After it’s all said and done, maybe a few of these entities won’t even exist after the next melt-down (not advice, not a recommendation).
All of which, brings us to Booking Holdings, Inc.
Booking BKNG, Weekly
On the weekly timeframe, the breakdown (and test) is not as clear as on the daily.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
DoorDash, has been traded once to the short side this year: DASH-26-01.
That trade was closed out (covered) on January 12th, profit of 7.58%.
Note, from the link above, after January 7th, and the ‘test’, price action began an immediate decline, to now.
An error on the trade, was not maintaining the position, and closing out this past Friday 🙂
At this point, we’ve penetrated support, now in Wyckoff ‘spring’ position.
Spring position does not guarantee a rally. It just means the market may attempt to move higher and take out any shorts late to the party (not advice, not a recommendation).
As we’ve seen with the Amazon and O’Reilly collapse, Ball Corp., CorPay Inc., DaVita HealthCare launch (and others), response to earnings are all over the map.
There’s no telling what’s going to happen with earnings and DASH (not advice, not a recommendation).
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.