lauralea

Pull Back Fishing

NASDAQ:WING   Wingstop Inc.
WING missed earnings and took a fall to Mid Cup which is usually strong support.

Although a deep fall, to 136.18 which is a few cents below mid cup which is 136.24. This made me think the support there is strong.

As a rule, waiting for long entry level which is a long entry above the high, is the standard. Wing may have support at mid cup. Time will tell and always the possibility of a dead cat bounce.

Not a recommendation
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