Panera looks to be forming a textbook cup and handle formation. Watch for the break over $218.00 NASDAQ:PNRA
IT PASSES ALL TESTS WARREN BUFFETT ANALYSIS
Just wash an repeat. Love PNRA. Going there again - next week, to stuff my face and learn from my business coach Andy.
Just adding another one to the list. I would not be upset getting exercised up here at this all time high. However, if this IS a strong bullish gap {on earnings} and I can buy back for less, I shall.
Per my analysis yesterday during Merchant Monday, selling to open $230 covered call for Jan. This will be about my 10th one in a row??? This is the highest strike though. NICE... I'm not specifically saying, if you do not have shares you should buy them, JUST to do this covered call, but I do love PNRA long term as a company / stock / product.
I love this stock and company long term. I wouldn't cry about exercising up here, because this is the 3rd or 4th $220 #coveredcall :=-) Buy low, sell high.
PNRA is one of the companies I love and I'm always bullish on. reallifetrading.com I am not saying you should buy here JUST to do covered calls, but if you have shares and you aren't scared to sell them, this covered call over earnings has nice prem - again.
We've done many #coveredcalls on PNRA into this level. I think this one gets called away though. It does expire before earnings. If it expires worthless, I'll do a higher one for August. And if it does get called away (for a nice gain) might consider selling a put to get back in.
PNRA is a stock I'm always bullish on. Love the company and use it often. reallifetrading.com If you have shares, one could consider this covered call. I wouldn't buy PNRA here JUST to do the covered call, however. IF you want to own, maybe a $195 put sale... I'm bullish to neutral up here. TO learn more about covered calls, feel free to watch this video....
For those who own shares, PNRA at a strong resistance. HAs been here before and rolled over. Obviously, you'll need at least 100 SHAREs to do this trade. I like PNRA Long term as a company. I eat there all the time. If you're looking to play it directional, nice bearish candle. Bearish is the edge SLIGHTLY based on the previous resistance.
If it walks like a duck, squawks like a duck, and flops around like a duck, it's probably a duck! If it trades like a pump & dump, if the TA is bizarre like a pump & dump, if the volume to price action looks like a pump & dump, IT'S PROBABLY A PUMP AND DUMP. If all the pundits are trying to keep you in it... hmmmm! If all the pundits are trying to inspire you...
One must short PNRA here at this juncture. Far too many technical divergences exist to indicate a further upside move, as the associated chart will show. Price target will be somewhere along the red trend-line, TBD when it gets there... Best wishes for profitable trading, and as always, don't buy the hype! Trade the chart!
PNRA, great company, awesome volume the last 2 days, great gap, play the bounce.
Double gap action. Nice retest gap. 178 is strong resistance, new support. Look for a bullish bounce for the swing. Non directional (bull put spreads or put sales) might be best.
Just like baking bread, it takes time for the dough to form and rise. Trying to rush a trade is just like trying to rush the time it takes for yeast to rise. I think PNRA is shaping up to be a great trading opportunity, one that I will be watching to enter next week. For now I believe price is moving up and continues to hold above 173 nicely. I would like a small...
11-6 Does everyone know what a rising bearish wedge looks like while its building? You are looking at one in the process of being built. For informational and educational purposes only. These are not recommendations, trade at your own risk.
textbook double top. broke through long term resistance at 153 and now back testing. couldn't break back through despite a few attempts last week. way too much overhead. sellers waiting. if this ceiling holds up price should breakdown to 130 before next move. buying 1st tranche of puts this week. any close above 153 is my stop.