Chart of $CAKE is not looking good...You might get sick from too much cake...be careful
CAKE just broke the 100MA and looks like a nice trade lower to the 200MA
Selling 65 Straddle gets $3.70, 63.10/70.50 range
the triangle and could really run
Per The Motley Fool.com, this is another stock CAKE, which should continue upwards during Trump's presidency. Why, because they are expanding, lower taxes, people will have extra cash to spend. Last 8 years, one share was $4.96 to a all time high of now, which is $60.48. Continue to watch and see, what happens in big picture with CAKE.
Will the head and shoulder pattern break?
CAKE could continue higher but again all is based on the markets in general..if they continue higher then this stock has the room to move with expansion of their restaurants etc...the stop is at the bottom of gap.
feeling a lot better this weekend with Friday pullback