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...
$DAN is consolidating and to get in wait for a breakout of $14.47
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Hey 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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Entry: 18.23
StopLoss: 20.80
TP1: 16.50
TP2: 15.28
TP3: 14.08
Break Even @ TP1
Close 1/3 of position @TP1
Close 1/3 of position @TP2
Close 1/3 of position @TP3
Looking at this chart it might be super beneficial to go long $DAN LEAP Calls. Need to wait for start of next week to see if count is valid, but possible huge upside.
DAN 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...
