DAN trade ideas
DAN to rise 22%Dan had traded sideways fro a while after earnings and now has dropped down to area of support on the fib. They are tied into Hyllion who are going to IPO this week so I think we will see some action this week as a result. You could go directly for Hyllion through Turtle SPAC but I think this is the more sensible option unless you are a full time trader and can sit on an IPO and scalp all day.
Best of luck do your own DD of course
BIG Potential for DANA INCORPORATED DailyHey guys, DANA INCORPORATED is in a bullish continuation despite the large purchasing volume, we are witnessing a buying force and therefore DANA INCORPORATED demands that it rise. Great potential to break with power the line which tells the story of the action and arrive on the last precedent above.
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DNA- Smart money momentum short from $26.93 to $20.33DAN is a nice smart money short setup with significant insider selling. It also has great Money flow divergence. We think it has strong downside potential if it can break 26.90 level.
To play this we would consider $27 June Puts
* Trade Criteria *
Date First Found- February 27, 2018
Pattern/Why- Smart money momentum short setup
Entry Target Criteria- Break of $26.93
Exit Target Criteria- $20.33
Stop Loss Criteria- $29.67
Indicator Notes- Strong Twiggs Money flow Divergence.
Special Note- Heavy insider selling. Could consider $27 June Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)