Barker
Long

EAT ~ Beautiful Crossover on the 60 min stochastics

BATS:EAT   BRINKER INTL INC
469 9 1
www.stocksetups.com
mikestockmarket
4 years ago
snapshot


Overbought on the weekly, could retrace 50% to $30-$28.
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Barker mikestockmarket
4 years ago
Nice chart and very likely to happen. I would join you on this trade if I had multiple time frames pointing towards a further push down.

For now this trade is based solely off the 60 minute chart. My 1st target is 34. After the 1st target my decision to add too or close the position will be based off the Daily stochastics. The daily stochastics are coiled up and I'll be looking for a bullish crossover early next week.

Remember I'm running an extremely tight stop at 33 even.
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mikestockmarket Barker
4 years ago
Cheers mate, yer don't get me wrong, I think your right on that tight stop, and I would see it up to $34, it could double top up at $36. I just wanted to show you what I saw on the weekly :-) (Which I must say thank you for cause a nice retrace by December/January may create a very nice setup and I wouldn't of seen EAT with out your chart)
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Barker
4 years ago
UPDATE: Due to the overall market conditions being somewhat weak on Friday I bumped my stop down .25 to 32.75. Trying to give it a little room to breathe.
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Barker
4 years ago
Took a couple days more than I thought but my 1st target (34) has been hit. Next target (36) is higher risk. Consider taking profits.
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mikestockmarket
4 years ago
nice one :)
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