They recently agreed to acquire a Mexican style restaurant for £7 mil. With inflation expected to go slightly higher than current levels, consumer spending will definitely go down. Despite this I expect bulls to come in and support the share and catapult it higher from these levels its currently trading at. We are currently close to the all time lows and price...
Keep and eye on levels for earnings tomorrow.
This has a potential ABCD move with point D at expected resistance area. I will be taking a small short position at 313 with stop @ 316. Target 293
Potential for an ADCD move here with point D at resistance. One to watch
ABCD pattern...... continuation to the downside ....