I am watching Sonic for a possible bearish swing trade, most likely with options. Because earnings come out AMC on Tuesday I will wait to reassess the trade on Wednesday morning. I was tempted to enter the trade on Monday but feel there is too much risk being in the trade over earnings so I will wait. Sonic is at a strong resistance level, it has been at this...
IF you are in long term, highly consider staying in. If you are NOT in long term and you love SONC, know how they make money and appreciate their product, be an owner rather than just a buyer. #THOSESHAKES...
GREAT GAP. Trapping tons of peeps. This gap 'shaked out' a lot of the buyers.