Long
DASH, TIME TO BUY?
Hello fellow traders and investors, here's another trade idea.
DASH has recently pulled back to the previous lows at around 137$ this trendline acts as a support, if DASH makes recovery to the take profit area it offers a 30% ROI and if it makes a full recovery it offers a 60% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's indicate that DASH is still in a downtrend
The RSI indicates that DASH is very oversold
When To Buy:
When EMA's indicate a reversal by crossing each other.
When the Macd indicates a reversal by crossing its EMA.
When To Sell:
I recommend selling in the take profit area for around a 30% ROI, why I am not recommending selling at its previous high is because there is a possibility of a head and shoulders pattern forming however if you are a longer-term investor and see this as an opportunity to get in at lower levels than hold.
Fundamentals: DASH engages in the design, development, and operation of a food delivery and logistics platform. It serves consumers in the United States, Canada, and Australia. This pandemic has caused some people to stay home and order UberEats or DoorDash to their house and I am sure this industry will grow since we are busy enough these days and these services take off some of the work for a small fee. They have a sales growth Q/Q of 226% which is absolutely amazing, earnings per share growth of 31.20% this year, earnings per share growth of 2135% next year which is crazy however they are not profitable with an ROI of -8.70% and around 0.08 debt/equity which is good.
Rating: 80/100 the technicals are good and the fundamentals are decent except for their ROI.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
DASH has recently pulled back to the previous lows at around 137$ this trendline acts as a support, if DASH makes recovery to the take profit area it offers a 30% ROI and if it makes a full recovery it offers a 60% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's indicate that DASH is still in a downtrend
The RSI indicates that DASH is very oversold
When To Buy:
When EMA's indicate a reversal by crossing each other.
When the Macd indicates a reversal by crossing its EMA.
When To Sell:
I recommend selling in the take profit area for around a 30% ROI, why I am not recommending selling at its previous high is because there is a possibility of a head and shoulders pattern forming however if you are a longer-term investor and see this as an opportunity to get in at lower levels than hold.
Fundamentals: DASH engages in the design, development, and operation of a food delivery and logistics platform. It serves consumers in the United States, Canada, and Australia. This pandemic has caused some people to stay home and order UberEats or DoorDash to their house and I am sure this industry will grow since we are busy enough these days and these services take off some of the work for a small fee. They have a sales growth Q/Q of 226% which is absolutely amazing, earnings per share growth of 31.20% this year, earnings per share growth of 2135% next year which is crazy however they are not profitable with an ROI of -8.70% and around 0.08 debt/equity which is good.
Rating: 80/100 the technicals are good and the fundamentals are decent except for their ROI.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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