Jack in the Box operates and franchises Jack in the Box quick-service restaurants.
The demand for shares of the company looks higher than the supply.
Due to the spread of COVID-19, the company's revenue fell. But the share price fell more and the company looks oversold.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $52,74; stop-loss — $49,57.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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