Notes:
* Strong up trend since 2020
* Great earnings in the recent quarters
* Basing for the past ~14 months
* Recently bounced off historical highs around $31
* Forming a nice and tight pivot area around $35
* Offering a very low risk entry
* Showing signs of strength and accumulation
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative...
Good day, TradingView fellows!
I believe $CAKE is testing its support recently. The good buy zone is at $9 to $13. I am anticipating it will hit $18 in the short-term, $24 in the medium-term and $39 in the long-term. This analysis is suitable for swing traders and long-term traders.
Entry: $9 - $13
TP 1: $18
TP 2: $24
TP 3: $39
The idea published is not a...