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Bottomedout

Doordash Bottom Formed, Strengthens idea to go LongHi guys! Welcome to an analysis on macro developments of Doordash (DASH). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow? Well, if we are in a Bull market, which i personally think we are... Assets with Solid Market Structure & Technicals will also be included into the liquidity being injected into the markets. Taking a glance under the hood with DASH, i can see some promising developments playing out. Making me consider DASH as a Long play. This analysis is strictly on Technicals and is on the 1 Week timeframe to get a big picture view. From the Lows of Doordash we ended up forming a Ascending Triangle Pattern. We ended up with a clean break, followed by 3 weeks of testing supporting at the breakout point, the flat trendline. Ascending triangles are usually Continuation patterns. BUT at market bottoms, it can act as a Bottoming pattern. The breakout of the Ascending Triangle allowed us to break resistance at the time, now turned SUPPORT. We hit our measured move of the Ascending Triangle, to the T. We ended up retracing back to the Resistance turned "Support Zone (Green rectangle). We tested support for 2 weeks, followed by the print of a Bullish Engulfing Candle (last week) which confirmed our Support here. The reason to go long here is of 2 folds: 1. The presence of a bottoming pattern, the Ascending triangle in this case. 2. The confirmation of MAJOR SUpport at this "Support Zone". These 2 things enhance our chances of price gains to the "MAJOR RESISTANCE" line. This would be a Major area to take profits. ALong with these, my MOmentum indicators are showing potential for BULLISH momentum to come in. STOCH RSI is crossing Bullish, once it moves ABOVE the 20 level. This will indicate Positive momentum to come into this asset. ALong with MACD, last week printed a Dark Green histogram. This shows strengthening of Bullish momentum. We are also ABOVE the 0 level, as long as we stay above with a BUllish cross, probabilities of further Price Gains are likely. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DASH in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
DLong
by SafofAllTrades
Wish bag holders this our week, let us all unite!1. Wish showing some stability around $2.50 2. Possible short covering to make up for losses in other positions by the shorts acting as a floor 3. Possible bottom since the company is trading close to 0.8-1 expected sales for 2022 & possible break-even by the first Q 4. CEO must be announced upcoming week or the next 5. Technicals looking good with multiple divergences 6. Still waiting for institutions positions update 7. Beginning to see some improvements on the platform , shipping times getting better. 8. Interest rate hikes (problem if wish wants to raise more money) BUT has no debt and looking to break even. 9. If there is a buyout i would expect at least at 3-4x sales meaning $8-$10 10. Hold your bags tight! we are all in this together! Do not let wallstreet steal your stocks. Worst case we are all wrong! it happens, we will study what we did wrong learn from it and move on! investing does not end with one bad decision there is always room for improvement, never give up! Best case the price will tell!
WLong
by Philoslother
8
TAP bottomed and ready to goIts been a rough ride for tapbtc since its inception, XTP has bled from over 1000 sats to the very bottom at 2 sats. This is the ideal buy zone for the following reasons: 1) RSI divergence having just broken below for the first time in a long time, every time this has happened it is followed by a pump, note where i point these areas out on the graph. 2) Its literally at the bottom 3) Note the significant uptick in accumulation distribution (bottom graph) 4) You will also notice that volume has also spiked (orange line) Pretty easy buy and hodl, its at the bottom, i've loaded my bags, have you? Let me know your thoughts and send me a like/follow if you like this idea! Happy trading and good luck! :)
Long
by Silkman
8
Bottomed out, trend reversal?Did we just see a trend reversal of the Swiss Company Meyer Burger. The Company just announced, that they will produce solar panels in Germany. A brave decision. Having a look in the history, we saw an overall trend in Europe. Solar production companies started in the 2010s, but failed to succeed due to the strong Asian competitors and cheap production conditions. The current situation and thoughts to bring back local production could lead to an success. The history of the stock shows a fall from 358 Doller to 20 Cent. The change of energy sources away from coal could lead this current penny stock back to a proper stock. The future will show the potential!
OTC:MYBUFLong
by tomid_trade