Long

DoorDash First analysis chart after massive IPO !

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
snapshot

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.