In today’s stock of the day, we turn our attention to DoorDash, which has just triggered a bullish breakout and is flashing a buy signal.
The technical setup is composed of several supporting elements. First, the yellow horizontal support around $165 was tested and defended. Although the price dipped below this level briefly, it rebounded sharply, forming a false breakout—often a strong bullish reversal signal.
In addition to this bounce, the price has now broken above the upper boundary of a flag formation marked by blue lines. This flag was a classic bearish correction within a broader uptrend. The breakout confirms the continuation of that uptrend.
Adding more bullish weight to the setup is the presence of an inverse head and shoulders pattern, which, while not perfectly symmetrical, maintains the core structure. The breakout above the neckline and above the flag’s upper line combines for a technically significant buy signal.
As long as the price stays above the upper boundary of the flag and above $165, sentiment remains bullish.