QSR continuing to run from break of trend line noted on 2/13

QSR has provided multiple advanced pivots within its base and it is presently beginning to break through the classic pivot at 42.98. It will be interesting to see if QSR pulls back in the near term and if it does, if the advanced pivots can turn into areas of support (along with the rapidly rising 10ema).

Here are some of the notes on QSR provided to ChartYourTrade Premium members on 2/21. It was ranked #5 on the Top 10 Setups in Bases and had a rating of 8.7

BASE TYPE = 4th stage flat base
CLASSIC PIVOT = 42.98
ADVANCED PIVOT(s) = 41.84, 41.39, 40.19, break/close above blue descending trend line
SUPPORT = 10ema, 40.19, 37.11, 50dma
NOTES: QSR broke above multiple advanced pivots when it reported earnings but found resistance at the classic pivot. The first advanced pivot at 37.11 may now turn into support with the 10ema cross above it and the 21ema craddling just below it.

POINTS (+/-)
4th Stage Base (-.5)
More down weeks than up weeks (-.25)
Annual Earnings below 25% estimated increase (-.25)
Quarterly EPS below 25% for each of the last 3 quarters (-.25)
Decelerating earnings (2 quarters or more) (-.25)
Accelerating Sales (3 quarters or more) (+.25)
Group Rank 1-40 (-0)
No top funds (-.05)