The first major feature is the high-volume price gap on May 14 following quarterly results. The big takeaways were strong revenue and a widening appreciation of its growth potential. DASH spent the next four weeks pushing against the 50-day ( ), which it cleared on Friday.
Next is the potentially setup with the 8-day ( ) holding above the 21-day . Both are now above the 50-day .
Third is the descending trendline between the February and April peaks. DASH broke that line last week. It also registered its highest closing price since late April.
Finally, notice the large outside day / on June 7. DASH leaped at the open, instantly crashed to a two-week low and then rebounded to close down less than 1 percent. That might have been the bears’ last chance to sink the stock.
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