FRGI is in a downtrend, so I expect 5 waves down and then 3 waves up.
The 5 bearish waves look completed (1 to 2 zig-zag, 2 to 3 the longest, 3-4 sideways).
I expect a zig-zag A-B-C.
Purchase at (5), sell at (A), purchase at (B) and hold.
Fiesta Restaurant Group stock has formed a Bullish Wedge as it's coming out of oversold on the RSI.
A divergence is ongoing between the price of the stock and the EPS forecast. I don't think the divergence will last very long as rising EPS forecast usually translates into a higher stock price fairly quickly. About ...
3-30 Another name that's broken it uptrend to the downside.
Now? Its all about a snap back rally bear channel to form
when it comes to shorting this issue and not until. We've
got some Fibonacci retracement zones to help guide us and
some overhead supply in the $64 zone. Lets see what it
looks like when and IF we ...