DoorDash has successfully validated our short-selling retracement zone. We identified the local support at $191.46 as our validation point. DoorDash has now broken below this level, thereby validating our zone. As a result, we have deactivated this short-selling zone.
If you opened short positions, you should currently be in profit by approximately 11.93%. Going forward, we still expect DoorDash to decline toward our long-term Fibonacci buying zone.
Long-Term Long Entry Levels
- 61.8%: $134.46
- 78.6%: $93.46
- 88.6%: $68.81
This zone represents a long-term buying opportunity for the stock. We expect DoorDash to complete its long-term corrective phase, which the stock is currently undergoing, and regain strong long-term bullish momentum.
If anything happens with this stock, we will update you immediately.
Kind regards,
Monalytics
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