0I77 trade ideas
DRI to possibly preform a bullish breakoutIf DRI is able to close the day above the upper trend line, I would expect it to run up to the next level of the FIB extension.
DRI: Trend Channel Break and DropSince March 26, Darden has been in an extended downtrend which just violated its regression channel for multiple trading days. This has all happened despite the S&P 500 rallying nearly 5% to all time highs over that period.
Respect the channel, and short with confidence. Remember, we did this a few weeks ago with PLTR (Palantir), and the retail cult crowd was out in force to tell me I was an idiot. Guess what? Math won, and PLTR has tanked by nearly 20% in the last 3 weeks. Some non-professional investor's opinion about "fundamentals" based on things they read in the public media is unlikely to be any sort of edge under even the soft form of the Efficient Market Hypothesis.
But channels and trend following have a long history of success.
Here would be a response to the fundamentalist crowd:
1. All the possible good news around reopening is priced in, yet DRI is still in an extended downtrend.
2. COVID variants make moving past COVID problematic
3. Anti-vaxxers are holding the economy hostage, and this especially effects stocks like this that own fast casual restaurants.
DRI flagging at its ATH with an inside day on FridayDRI flagging at its ATH with an inside day on Friday. Looking to enter through the high of Thursday and especially above 148. Stop is below the base of the flag below 141.
$DRI - Beautiful Cup and Handle PatternSeveral Reasons I like the risk-reward in this trade:
1) Holding the Volume Shelf which often acts a launch pad on the Volume Profile
2) Huge Call Buying in the July 16 155s Friday
3) Cup and Handle which is a bullish pattern
4) Positive MACD cross well above the zero line
DRI - Olive Garden is King?Well, maybe not king... but it looks to be on a continued run in a deep crab pattern targeting as high as 176.
Bullish on DRI(This is not financial advice)
Hello everyone, haven't seen much for swings this week. This is partly due to it being a little bit choppy and not a swingers market. I haven't done any FA on this stock but it has been continuing a uptrend for a while now in this strong upwards support and resistance. I would swing from the bottom of this support and back up and maybe buy puts back down pretty confidently. I'm also watching the volume because as it enters certain amounts it often pumps up.
If you agree or disagree be sure to leave a comment and like and follow. If you have any stocks I should check out let me know!
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- Vlaire
$DRI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DRI after a Positive under reaction following its earnings release placing the stock in drift A
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Watch daily and 30m charts for swing put entry in next 2 daysI am wondering if price will reach the top pink line on Monday (149-150). If there is a higher close on Monday I will be comparing RSI to the previous high (not Friday's #). If price stalls between 146-148 I will look for technical signal to buy puts. Check weekly chart and you will see RSI is over 70, which happens rarely, and price has been unusually far from 20sma.
I decided to use the 14-day RSI for this idea (instead of 7-day) because there are fewer dips and peaks so I can focus on "bigger" price turns.
Watch 30m chart for next 2-3 days for a setup
Alerts if price under 145, over 149
Swing puts with April or May expiry
$DRI Attempting To Break Back Above 100$DRI showing great continuation support and buyers defending nicely below 100. As long as they are able to reach back above 100, it may form a great platform for buyers to cycle up for another leg.
DRI Swing IdeaDRI ( NYSE:DRI ) has been generally trading in-line with the S&P 500 index ( SPCFD:SPX ) for the last 6+ months until their recent earnings reaction propelled the stock above the 200 day moving average relative to SPX, indicating the stock is primed to out-perform the index. The DRI price chart has taken over the 200-day moving average, retested, and continued. This observation paired with recent earnings momentum makes for a solid short-term swing trade opportunity.
Consumer Discretionary ( SPCFD:S5COND ) has been outperforming the SPX on a relative basis while trading above the 200-day moving average (indication of an up-trend) for the last 5 months.
$DRI can rise in the next daysContextual immersion trading strategy idea.
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants.
The share price rose after a good earnings report.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $97,31;
stop-loss — $92,31.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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DRI Going down againOVER 98 looks good for more upside but heavy resistance expecting to see trend back down to Covid low due to news
Cup and HandlePrice is slightly above long entery level
No recent rising wedges
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 31, 2020, it owned and operated approximately 1,804 restaurants, which included 868 under the Olive Garden, 522 under the LongHorn Steakhouse, 165 under the Cheddar's Scratch Kitchen, 81 under the Yard House, 60 under The Capital Grille, 44 under the Seasons 52, 41 under the Bahama Breeze, and 23 under the Eddie V's Prime Seafood brands. The company was founded in 1968 and is based in Orlando, Florida.
Not a recommendation
DARDEN RESTAURANTS Perspective DailyHey my friends, DARDEN RESTAURANTS is a bullish continuation with low buying volume and pent-up sellers' attempt. See TIMEFRAME 5 1 Min a drop is in progress, DARDEN RESTAURANTS are heading towards its last low to rise. It is plausible that she starts on her next high, which corresponds to the last high of the sellers' refusals.
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DRI: A value restaurant playCould make a strong comeback. Do some research. They have Olive Garden and are ready to open a bunch of new restaurants, too, I hear.
