DRI | Short | 01 Oct 2021 Entry: 150.59 TP: 144.5 SL: 153.16
4 Month-long base Decent uptrend Decent Volume Expecting a breakout soon
If DRI is able to close the day above the upper trend line, I would expect it to run up to the next level of the FIB extension.
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
Well, maybe not king... but it looks to be on a continued run in a deep crab pattern targeting as high as 176.
(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 If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
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...
see fib & visible range (volume profile)
$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 ( NYSE:DRI ) has been generally trading in-line with the S&P 500 index ( SPCFD:SPX ) for the last 6+ months until their recent earnings reaction propelled the stock above the 200 day moving average relative to SPX, indicating the stock is primed to out-perform the index. The DRI price chart has taken over the 200-day moving average, retested, and continued....
Contextual immersion trading strategy idea. Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants. The share price rose after a good earnings report. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a...