$DIn Dineequity Stimulus Trade
DIN on the watchlist if we get stimulus passed,
stock is already in potential bull-flag breakout.
10% upside to $64.00 as first major resistance
DIN trade ideas
$DIN Dineequity Green on a RED DAY
Despite the selling today the stock managed to remain in the green, showing relative strength.
Potential long on a move above Thursdays high $62.75
Upside target $68.70
$DIN Dineequity Inc Breakout Targets
Potential long above Pivot Point @$64.33
Will look to fill the gap at $72.36.
Stock is overbought so care needed.
The break above the 200ma brought about a fantastic
rally on Friday, so some consolidation may be needed before rally continues
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$DIN Dineequity Inc $66 price target
Very reasonable 10 P/E ratio
A substantial short interest of 13%
Previous targets all hit and up 40% since last post
A break above 100ma should bring us a rally to the 200ma
DIN - Fib retrace level corrected
In the previous Idea chart for DIN stock , Fibonacci levels are wrongly drawn , they are corrected here.
1/ Let me explain why previously drawn FIB levels are Wrong .
2/ In previous DIN idea chart, Fib base 100% is taken as $17.88 which is MARCH 23 close price . This level may be true when somebody is looking for intermediate trade like 30 DAY period.
3/ But we are looking for SWING trade period which is like 2 to 5 DAYS. For this SWING period we have to take only RECENT BASE of the stock price which is 'April 16th' LOW price $28.55
4/ so by taking Fib 100% = $28.55 ( APRIL 16 Low price) , Fib 0% = $48.44 ( April 29 High price) , Fib retrace is redrawn
5/ for the new FIB retracement , 23% level (already met on April 30) , 38% level are shown
DIN - Resistance R3 and Fib levels
1/ Previously drawn Resistance line R2 worked as today's High on the dot ,
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , Fib 28% price level coincide with today's GAP-up OPEN price level .
6/ Today APR 29 price bar is similar to 'MARCH 26' price bar ( both days market optimism about economy opening up) . After MARCH 26 th we saw 3 days price down bars. We may see similar down bars retracting to Fib 23% level .
6/ toays' Resistance R1' line is -------> new Fib retracement level 38%
DIN - R3 line and Fibs ..1/ Previously drawn Resistance line R2 worked as today's High on the dot ,
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , we will see price action retrace to Fib 23% in one week time .
6/ notice 'Resistance R1' line is -------> new Fib retracement level 38%
$DIN On breakout AlertAwaiting move above $39, possible long opportunity
with 50 day moving average as target \ resistance
PLEASE DROP US ALIKE IF YOU FIND THIS HELPFUL
DINEEQUITY INC_longNYSE:DIN
Hey.
Today I suggest to look at a more complex paper.
Not many people know how to trade fast breakouts, some on the contrary, love to trade them, but do not know how to trade false ones. Everyone has their own strategy.
So everyone can try it, look at the DIN situation.
Details are described on the charts: D1 (left) and H1 ( right).
There are three possible scenarios here:
1. Entering short after a false breakout is for those who understand and trade in false ones.
2. Entering the long for the breakout level on the primary impulse.
3. Entering the long after the price fixes above the level.
Support S1/S2 and Reistsance R1/R2 bandsThese bands are based on my view of Support and resistance, Not based on S1/R1 formula
The 'V' Shaped Recovery Fed is not anticipating a V shaped recovery.
The fed is currently fighting massive deflationary pressures. Businesses (if they're open) are slashing prices, oil demand is at record lows, etc etc. Even as the fed's balance sheet grows to a record 5.3 trillion, March inflationary rate still fell to 5 year lows.
If this was really going to be a V shaped recovery and things would quickly go back to normal in a few months, then you'd have a return of previous consumer spending levels on TOP of the feds massive stimulus, as well as the CARES act handouts. 'Normal' spending + trillions injected into the economy = massive inflation. The fed can just snap it's fingers and erase it's stimulus when it feel like it. This is not about supporting the economy through several months of a recession, this is about preventing global economic annihilation. In my opinion, the fed is trying to provide a softer and more gradual downward trend for the markets and buying time for a therapeutic/vaccine/Gradual opening of the economy.
But it's no secret that the Fed is not anticipating a V shaped recovery, just ask Kashkari.
DIN long It is too much bullish__
1st Target - $88
2nd Target - $106
Stop loss- $67 (Any Daily close below)
Bulls for DINnerI'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 upwards and the RSI creates a new high the setup is broken. But historically, DIN likes to have heavy movements of almost $10 up and down. As usual I'd like to see the ADX crossover on a longer term chart before thinking it'll make a big move south.
$DIN - Last lap of a good startSuper 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 change from MUCH more reliable & even on a 4-Hour chart, there's huge potential for a fakeout-rally with huge tail-wind on the way down. Also 100x more credible to follow going from a bear-market than a bull-bear market. (180WMA above / below 789 = 3.14 year WMA). But anyway, real nice start so far. I started documenting these types of setups right from the start of the retail boom starting from $UA, $TRIP, $M, etc., The dip down to the 180WMA right after crossing the black WMA happens 85% of the time in a regime change I see regardless of chart duration, but the focus should be set on how tight / wide of a range price stays within blue 180WMA thereafter. Too long of an explanation but $DIN in particular is a little unique, but not really. I don't typically see obvious Asc triangles / Asc wedges right after a regime change, it's either a surge above & huge drop back down to bear market, or a (modest) surge followed by consolidation w/ new highs. I'm not suspect of the consolidation @ this point, but I'm suspect of that we're a few short of a breakout. The 55 bar count is the white curve I refer to in all my posts (past 55 candle lows), & the vertical red line is the start of when that starts to curve up significantly (where past 55 candles make significantly higher lows than those before it) - it's a top caller. The yellow vertical line is another 55 bar count from the time the white curve, price, 20 & 45 EMA should be @ the bottom of (potential) dip, & face a continuation if not a breakout. I'll leave a few examples - but I'm expecting a dip down to $75 @ the high end. If a break of that triangle - yellow rectangle should be the savior on the low end. Will update tho
$M Ex 1 -
$TRIP Ex 2 -
$MGA Ex 3 -
Dine Brands Global Structure analysis Just a random pick for the charts today. Has a clear Elliot wave count to work off of.
DIN chart showing very large cup and handle`DIN stocks are showing huge upside potential with cup and handle pattern. Handle pattern just finished forming, with earnings moved stock form 10$ negative to positive by the end of the day confirming very huge upside potential of 35-45$ in next 2-3 months.
Inverted J - Scallop setupDin 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.
DIN - Momentum Breakout Long from $50.05 to $68.73
* 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
Please check back for Trade updates. (Note: Trade update is little delayed here.)
