This Delivery Stock's Post-Earnings Setup is a Real 'Door-Buster’

This Food Delivery Giant Just Crushed Earnings [Trade of the Day Wake-Up Watchlist] "If you can check enough boxes, then your likelihood of success increases. And that’s what I believe we have here with DASH.” Nate Bear, Lead Technical Tactician, Monument Traders Alliance [Nate Bear] Editor's Note: Our very own Millionaire Trader Nate Bear is opening up his popular private chat room for FREE for an entire week. [Join him during his FREE Daily Profits Live Open House next week (Sept 9-13th) for a full week of LIVE trading.]( No credit card… No limits… Just one FULL week of trading. This is an extremely rare opportunity to unlock FREE access to one of the top trading rooms on the planet, and last time he did this, members had a chance to cash in on his 1,129% trade idea within just 2 days! [Click here to RSVP FOR FREE]( (before registration closes). -Ryan Fitzwater, Publisher _______________________ Trading options around earnings can be thrilling for those who crave volatility, but it's a double-edged sword. These trades are notoriously risky and unpredictable. Take Nvidia's recent earnings release, for example. Despite exceeding expectations on nearly every metric, the stock surprisingly declined. This unpredictability illustrates how challenging it can be to anticipate the market's reaction. Given this uncertainty, I typically avoid taking positions immediately before a company's earnings announcement. After all, I didn’t grow my trading account from $37K to $2.7 million in four years by taking coin flips. Instead, I focus on A+ setups that can shift the probability of winning grossly in my favor. And one of my favorite setups this year has been trading stocks on companies that have had big earnings moves. Which describes my latest watchlist idea DoorDash (DASH). DoorDash is a technology company that operates an online food ordering and delivery platform. [FREE Daily Profits Live Open House]( [Nate - Open House]( Over the past year, members of Millionaire trader Nate Bear's Daily Profits Live chatroom have had 62 opportunities to DOUBLE their money... Now it's YOUR CHANCE to hunt MASSIVE gains like these with a professional trader for an ENTIRE WEEK... 100% FREE! Last open house, Nate went 19-for-22, with FOUR 100% winners during the week... Including one that went for 1,129% within just 2 days! [Click here to join FREE >>]( Their recent Q2 earnings results were impressive, showing strong growth and improved financial performance. The company reported double-digit increases in total orders and revenue, with a narrower loss per share compared to the previous year. Revenue exceeded Wall Street expectations, reaching $2.63 billion. DoorDash also achieved record-high adjusted EBITDA of $430 million and increased free cash flow by $140 million. The company's success is attributed to expanding beyond food delivery into other categories, such as convenience deliveries, which has broadened their total addressable market. This diversification strategy, along with strong order growth and margin improvements, has led to optimistic outlooks from market analysts and company executives, who see significant potential for continued growth and profitability. The day following its earnings release shares went from $108 to $121. The way I like to trade earnings winners is to wait. More specifically, I want to see it hold its big move and consolidate for a few days or a week. In this case, DASH has done that. In addition, on Friday it formed a daily squeeze. A stock's behavior after a period of low volatility is akin to a dormant volcano. During quiet periods, pressure gradually builds beneath the surface, unseen but steadily increasing. When the pressure finally reaches a critical point, it can lead to a sudden and explosive eruption, dramatically altering the landscape. Similarly, a stock that has been trading in a narrow range may be building up potential energy for a significant price movement. When market forces finally trigger a breakout, the resulting move can be swift and powerful, potentially reshaping the stock's trading pattern and valuation. But that’s not all… It has stacked EMAs. Stacked EMAs are considered bullish when shorter-term EMAs are above longer-term EMAs, with prices above all EMAs. This arrangement indicates positive momentum across multiple timeframes, suggesting a strong uptrend in the asset's price. In addition, there is an A + setup on the 195-minute according to the [S.A.M. AI Scanner.]( If you can check enough boxes, then your likelihood of success increases. And that’s what I believe we have here with DASH. Your Action Plan: I’m closely watching DASH for an entry in my [Daily Profits Live Portfolio]( if I take a position, I will do it using options via call options. Its most recent high this year is $143.34, a level I think we might see again before the year is up. If you’d like to discover how I trade ideas like this you’re in luck. Because on September 9th to the 13th[I’m opening up my Daily Profits Live Room for FREE.]( You heard that right… It’s your chance to trade alongside me for an ENTIRE WEEK. This is an invite-only event, so if you want to join me make sure to register. [Click here to sign up at no-cost.]( [You're Invited: Meet S.A.M. The Next-Gen AI Tool]( [Nate on stage]( Multimillionaire trader who turned $37K into $2.7 million in just 4 years is hosting a summit to reveal his revolutionary new AI trading research tool "S.A.M." See how it could have unlocked top gains of up to 219%, 326% and 2,250% within 9 days or less! [>> SEE S.A.M. in Action <<]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. 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