Food delivery company DoorDash (DASH) is showing me some positive technical clues. Is it it time for a fresh order?
In the daily bar chart of DASH, below, I used a log-scale to view the price action. The shares are showing bottoming price action with a downward sloping "neckline." A move over $65 looks like it will break the neckline. From a low in October prices show me higher lows from October to January to March.
The trading volume does not show a pattern of increase but the On-Balance-Volume (OBV) line made a low in early November and it has improved, telling me that buyers of DASH are being more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator has spent more time above the zero line than below since November.