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fourtrade
12 נוב׳ 2018 21:51

Bulls for DINner שורט

Dine Brands Global, Inc. Common StockNYSE

תיאור

I've been watching DIN for a bit waiting for a break of trend. It was recently upgraded to "strong buy" and is right at ATH's. Nonetheless there's quite the bearish trend on the indicators setting up. Major bearish divergence on the 4HR, 2HR, and 1HR. What I'm waiting for is a break of trend BUT keeping an eye on the resistance level. If there's a major push upwards and the RSI creates a new high the setup is broken. But historically, DIN likes to have heavy movements of almost $10 up and down. As usual I'd like to see the ADX crossover on a longer term chart before thinking it'll make a big move south.
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