I know, it's been slugged and hammered... However last year BZH 1.74% was at $6... then it beat the heck of all the other home builders right after until this day. CCJ 4.89% ( Cameco 4.89% ) was heading to penny stock land recently, it almost doubled in a few weeks. All that to say that some stock will bounce back after basing.
I have been following $NDLS for the last few weeks and it seems clear to me based on the daily action that the all-mighty "they" are shaking traders a bit here and there, then loading up.
It's for entertaining purposes only but if you plan to give this one a shot, make sure the stock jumps a few extra hoops for you as it's coming from the bottom so you (and I) must be "demanding."
The safest spot would be in the "X" area as it is above the 5.71% and outside the triangle.
If you want to buy a couple of shares to test the waters , the bottom of the small triangle can be used to put a stop. It's been a while since the stock dipped there so the chances of being whipsawed are lower. Though it does not seem like that on the chart, this small bugger did have a few 7% plus move recently so a tight stop might get you stopped pretty quickly.
Let's see how goes the battle.