First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into my key points. GRIL recently went into the market at what some may call wrong timing for the restaurant era. This is due to the Covid period, which is likely why they are suffering a really bad bearish run right...
The Nasdaq Food and Beverage ETF is entering a major downturn as the US is beginning to experience major disruptions in the meat market. Yesterday the McDonald's CEO announced that they've had no supply-chain disruptions yet, but they're watching the situation "hour by hour" and are very concerned about it. Later that day, I heard my first story of a McDonald's...
Meant to buy this at 30, but got sidetracked and I'm an idiot... But, earnings beat, and with economy about to open up, this looks poised to breakout towards the 90's. This may be my trade recommendation of the week. We'll see.
Contextual immersion trading strategy idea. Jack in the Box operates and franchises Jack in the Box quick-service restaurants. The demand for shares of the company looks higher than the supply. Due to the spread of COVID-19, the company's revenue fell. But the share price fell more and the company looks oversold. These and other conditions can cause a rise in...
Papa gonna take it in the shorts. I forgot about this guy and this company until I saw his recent interview. -Good R:R -At important fib levels and historical resistance -I'm bearish on restaurants anyway due to slowing growth so this lines up with my forecast of this sector -I don't see a lot of demand for Papa's and if it sells of I wouldn't expect a lot of...
$RAVE continues to look like it's heading for the trash heap. A reshuffling of management on Friday failed to instil any confidence in the market and the stock dropped 32%. This is one stock to avoid or for aggressive traders, go short. Rave Restaurant Group, Inc., together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco),...
DRI had a gap up on an earnings announcement back on March 21st. The top of this gap became support while the stock price continued to rise. This rise in price created a bearish divergence with the RSI indicator. The earnings release in September led to a gap down. The price actually consolidated just below the March gap. Friday's trading has the price testing...
Starbucks is being under heavy selling pressure since the start of September having fallen over -12% since its All Time High. This is not alarming for long term investors as the rise since July 2018 has been extremely aggressive (that aggressive that the Monthly chart is still bullish with RSI = 67.474, MACD = 8.570, Highs/Lows = 8.7721), but the selling isn't...
MCD (McDonald’s Corporation) has been trading within a very strong 1M Channel Up (RSI = 70.206, MACD = 17.720, Highs/Lows = 10.6514), which as seen by its technical action is on the Higher High zone. Based on its historic volatility within the Channel Up, we expect MCD to pull back for a Higher Low towards 190 before resuming the uptrend. A potential Death Cross...