So let's try and see what we will get today on Doordash stock after a massive IPO yesterday...
after recruiting roughly 3.4 billion dollars we have a first unstable line of support @173$ and the first line of resistance @ 190$.
Expect correction to take place today at least 30% down on FIB line to the 180$ line -from there we will see a breakthrough the 200$ by the end of next week according to the limit orders pending at the moment on the stock
I WOULDNT join the hype right now as this could a house of cards and fall at any moment -and there is a lot of empty areas to fall down to - 92% to be exact so I would wait for the stock to stabilize and give us a stronger R/S level along with H/H and L/L so we can assess the risk - arbitrage it in advance.
Trade safe and happy holidays!
a 5 min chart view
after recruiting roughly 3.4 billion dollars we have a first unstable line of support @173$ and the first line of resistance @ 190$.
Expect correction to take place today at least 30% down on FIB line to the 180$ line -from there we will see a breakthrough the 200$ by the end of next week according to the limit orders pending at the moment on the stock
I WOULDNT join the hype right now as this could a house of cards and fall at any moment -and there is a lot of empty areas to fall down to - 92% to be exact so I would wait for the stock to stabilize and give us a stronger R/S level along with H/H and L/L so we can assess the risk - arbitrage it in advance.
Trade safe and happy holidays!
a 5 min chart view
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