** Likes and Comments are welcomed; New Subscribers have wings! **
What I see...
:: If any restaurant would survive this pandemic, it would pizza delivery... and Wingstop type of joints where the food remains tasty (and presentable) after a delivery or curbside pick-up. I did a quick test on their website... the bill for 40 pieces of wings for pick-up was close to $50. Add another $10 for delivery!
+ Prices is pulled back last week and regained ground later in the week to push towards 52w high
+ 10ma has just crossed above the 50ma
+ A light dip in RSI from the overbought zone
+ MACD is in positive territory
- 10ma is still very far
- RSI is coming close to overbought territory
What I setup...
+ Long above 52w high
- Stop at -3w low
+ Target at .618 Fib
:: Duration - months!
-
What I see...
:: If any restaurant would survive this pandemic, it would pizza delivery... and Wingstop type of joints where the food remains tasty (and presentable) after a delivery or curbside pick-up. I did a quick test on their website... the bill for 40 pieces of wings for pick-up was close to $50. Add another $10 for delivery!
+ Prices is pulled back last week and regained ground later in the week to push towards 52w high
+ 10ma has just crossed above the 50ma
+ A light dip in RSI from the overbought zone
+ MACD is in positive territory
- 10ma is still very far
- RSI is coming close to overbought territory
What I setup...
+ Long above 52w high
- Stop at -3w low
+ Target at .618 Fib
:: Duration - months!
-
Trade active:
Setup triggered today; Long entry!
Trade active:
Concerning to see such a weak bar painted on a very bullish day. The DOW was up 900+ points! Moving Stop to 116 to limit losses.
Trade closed: stop reached:
Stopped out; Loss -0.55R