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...
Super interesting (regime change) setup that's typically a s.o.l.i.d hit-or-miss in a (real) short amount of time. When I developed this moving average strategy, the weakest link was an ability to find a (clear) long-term-trade that's in the works of a new bull-run after a long bear market for ___ amount of time. Obviously on a longer-duration chart, a regime...
DIN stocks are showing huge upside potential with cup and handle pattern. Handle pattern just finished forming, with earnings moved stock form 10$ negative to positive by the end of the day confirming very huge upside potential of 35-45$ in next 2-3 months.
Din exploded after latest earnings gaining 50% in little time. Been in mean reversion mode since arching down to the 55 fib which is where i like em for these scallops. Had a nice niggle today went in with half position will look to add more if this starts to look the part.
* Trade Criteria *
Date First Found- December 5, 2017
Pattern/Why- Momentum Breakout; Bump & Run formation
Entry Target Criteria- Pull back to $50.05 or break $50.95
Exit Target Criteria- $68.73
Stop Loss Criteria- $45.83
Indicator Notes- Crossed above its MA lines
Special Note- Lots of insider buying in August
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