Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $126.28
Target Price: $123.25
Stop Loss: $129.46
The PEAD projected a Bullish outlook for $DRI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Since March 26, Darden has been in an extended downtrend which just violated its regression channel for multiple trading days. This has all happened despite the S&P 500 rallying nearly 5% to all time highs over that period.
Respect the channel, and short with confidence. Remember, we did this a few weeks ago with PLTR (Palantir), and the retail cult crowd was...
DRI flagging at its ATH with an inside day on Friday. Looking to enter through the high of Thursday and especially above 148. Stop is below the base of the flag below 141.
Several Reasons I like the risk-reward in this trade:
1) Holding the Volume Shelf which often acts a launch pad on the Volume Profile
2) Huge Call Buying in the July 16 155s Friday
3) Cup and Handle which is a bullish pattern
4) Positive MACD cross well above the zero line
(This is not financial advice)
Hello everyone, haven't seen much for swings this week. This is partly due to it being a little bit choppy and not a swingers market. I haven't done any FA on this stock but it has been continuing a uptrend for a while now in this strong upwards support and resistance. I would swing from the bottom of this support and back up and...
The PEAD projected a Bullish outlook for $DRI after a Positive under reaction following its earnings release placing the stock in drift A
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I am wondering if price will reach the top pink line on Monday (149-150). If there is a higher close on Monday I will be comparing RSI to the previous high (not Friday's #). If price stalls between 146-148 I will look for technical signal to buy puts. Check weekly chart and you will see RSI is over 70, which happens rarely, and price has been unusually far from...
I am a professional trader with over 7 years of equities experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give...
$DRI showing great continuation support and buyers defending nicely below 100. As long as they are able to reach back above 100, it may form a great platform for buyers to cycle up for another leg.
![DRI: BUY DARDEN RESTAURANTS [$DRI] | 12.6.2020 | @StockDweebs](https://s3.tradingview.com/1/1JZFTSYa_mid.png "BUY DARDEN RESTAURANTS [$DRI] | 12.6.2020 | @StockDweebs")
