Nov. 14 at 2:59 AM
$DASH is currently trading at
$195.21, which is near its 60D low of
$194.68, indicating potential support in this range. The RSI at 18.19 suggests the stock is significantly oversold, which could lead to a reversal or corrective bounce. However, the moving averages indicate a bearish trend, with MA30 at 250.25 and MA50 at 254.94, both well above the current price.
Market context shows a lack of long-term bullish momentum, as the absence of a MA200 suggests uncertainty in long-term trends. The ATR of 11.18 indicates potential volatility, which may provide trading opportunities.
Suggested entry could be around
$195, with a stop loss set at
$190 to manage risk. Target 1 could be set at
$210, which is a reasonable resistance level, and Target 2 at
$225, aligning with the downward trend and previous price action.
Overall, the bias is cautiously bullish for a short-term bounce, given the oversold conditions and proximity to support.
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