Bwinks

Loco long next month

Long
NASDAQ:LOCO   EL POLLO LOCO HOLDINGS INC
I'm seeing a set up for a bull run.

Trend lines have been upward slanted the last few months and is still be tested (currently we are on/around the median).
Fibonacci resistance/support lines are being tested too.

I'm thinking either in pre-hours, or early hours after opening the price very well might fall due to exterior motives ( SPY tanking); but I don't think it will go below the previous support of 12.80. If it does, it will bounce on it back into a bull Price Action.

Trade closed: stop reached

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