DoorDash $DASH Stock In Uptrend Channel, Buy Signal On MACD, Dark Pool Trading

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DoorDash $DASH stock got a 6% bump higher on December 13, 2022, as the CPI came in cooler than expected bolstering the narrative that the Fed is at or near peak rates. The stock is trading in an uptrend channel as it slowly crawls closer to its 200 day moving average (red line on the chart below). The stock is in a technical weak downtrend.

DoorDash stock chart on December 13 2022 in an uptrend channel with a MACD buy signal
DoorDash stock chart on December 13 2022 in an uptrend channel with a MACD buy signal

Dark Pool Trading In DoorDash $DASH Stock

A dark pool trade occurred in DoorDash stock on December 7, 2022. The trade was valued at $6.4 million. We think the dark pool trade was a buy order because $DASH stock rose following the trade hitting the tape.

DoorDash stock chart on December 13 2022 with a dark pool trade shown with an orange bar
DoorDash stock chart on December 13 2022 with a dark pool trade shown with an orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

DoorDash CEO Tony Xu on earnings beat: We are seeing resilient delivery demand

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