With the intersection of trend lines, often see a peak hi/low.
Thanks to Savvy Sean for finding this and asking me to chart it... I havent seen a monthly that was this ready and in line with weekly and daily at the same time....so This should be a huge move. I got 1 110 day and 3 43 day option plays on this.... plan on pulling some profits the first sign of weakness on a longer time frame. However I plan on jumping back...
$CAKE range bound in between supply and demand. Watching for a breakdown below support for a short entry.
this stock has done well since the early 2000s. every time weve been in a bear market it has recovered to new highs. if we see another bull montly reversal pattern form here we could see thisprice over $60 someday soon.
i would short it all the way down real long term option style 6months close breakeven in the money. i lost shorting this doing weekly out the money.
this is a weekly chart on CAKE (1) re-test finished last 2 weeks (2) aim a swing play targeting yellow gap unfilled above
$CAKE Target 59.88 for 21.31% Or next add level at 42.71 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I...
Cheesecake Factory has painted a nice bull flag on the daily and weekly time frames. I do not intend to trade this. I am simply posting this for educational purposes as CAKE will be one to watch in the coming days and weeks.
🟢 NEW POSITION $CAKE Target 62.72 for 20.15% Or double position at 1.68 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my...
Debt/Equity 0.88, 13% short float, High P/FCF (186), reasonable insider selling (2 insiders as well as option selling) Break below 53.92, Stop signal 55.12 , Target 50.57, Target 2, 48.07. Target 3 Momentum. October $55 puts are $5.80,
WATCHING $CAKE for ENTRY TARGET @ 52.48 I’m practicing to nail my entries better… if target hits I will take a position. Grrrrr... I didn't have a buy order for this one... I do now and if it fills I'm in...
Reached bottom of support, good idea to swing options, or shares price target 62$ +
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What Is a Short Squeeze? A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price KEY TAKEAWAYS *A short squeeze accelerates a stock's price rise as short-sellers...
CAKE will have a comeback now we got positive covid news. Buy some shares and keep buying more as it keeps climbing.
CAKE earnings is today, 10/29 at 5pm. This is a good 11/20 expiry strangle play imo. Good luck and happy trading friends... Check out my price and volume indicators: Fibonacci MA7: Fibonacci VIP: