SPTN: Groceries in restaurants out for now.
To me the bottom wave forms look more like a corrective pattern so I am not expecting a new long term high. However "C" of a correction can be fast and furious. I have based the target box on the height of the "W" pattern and the Fibonacci relationship. You could use a stop below the short term up trend line or the recent low on the 1 hour as a stop.
Process your way. Link below for more info.
Take care. God Bless you and all you love.
See Bulkowski for more on the Big W pattern:
thepatternsite.com/bigw.html
From Zacks
SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company's core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag 'n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States.
Process your way. Link below for more info.
Take care. God Bless you and all you love.
See Bulkowski for more on the Big W pattern:
thepatternsite.com/bigw.html
From Zacks
SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company's core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag 'n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States.
Comment:
Better view of t he daily chart which was partially cut off.
Trade closed: target reached