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planetshhh
Sep 16, 2020 10:06 PM

Powerful cup and handle move incoming? Long

Dave & Buster's Entertainment, Inc.NASDAQ

Description

Currently making its way back up to test the top of the cup at $20 resistance. Also trading within an ascending channel (see link to related idea below). Reminds me a little of AMD, which consolidated in range for several months before breaking out with a powerful move to the upside. While PLAY is certainly facing more headwinds than tech, I see no reason why a break of $20 couldn't happen in the next several trading sessions, prompting a move to test June's former high of 24.80ish. Also remember that vaccine news, which could come at any moment (Trump wants this bad as his "October surprise"), could propel this even higher!
Comments
Abecrombie
the handle broke off today!
planetshhh
@Abecrombie More like the wheels fell off!
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