With restaurants slowly opening back up in the United States post Corona I'm looking for this chain to have a strong recovery. I actually worked for Bonefish Grill while in college and their corporate offices are very involved in turning a profit and keeping strict restrictions on staff and efficiency of meal prep. Entries, stop-losses, and take-profits are shown...
Low expectations on earnings causing a gap down. Support in the daily is 10.00 Got in at open 9.65 and easily got stopped out at 9.40. Stop was too tight. TP: 10.30
Same general principals as the idea for HAL - buy and hold, looking for 4x profits. Restaurants are tricky, but i'm anticipating chains like Outback and Bloomin' in general will thrive. Or will people be forever changed by the coronavirus and stop going out? How about people cant afford it anymore? This one is particularly fishy. Stay safe - Fish
Stock has broken downtrend Indicators all very bullish amd in reversal Target price 22.73 Stop loss 21.21 Concerns regarding impact on asian Business due to Coronavirus.
September's retail sales increased less than expected, partly due to the 1.8 percent decline in restaurant spending. This was the worst decline since 2016. Partly blamed on Hurricane Florence, that static is likely to be tuned out and the trend of mean reverting to continue after Q2-18's record $3.5B in sales - the strongest in almost 30 years. BLMN is expected...
BLMN looks like its about to bounce off of long term support at $17 that's reinforced by both long term and shorter term trends. It looks as if the recent catalyst for this selloff was earnings but I doubt it breaks below the $17 level. My bet says it bounces around in this area a bit before running up again to the last big resistance level around $19 by the end...
Watching the old resistance area becoming support. Also the confluence of the 50SMA might make a good bounce area. No position yet but set alerts for potential trade
add a Feb 25/22.5 PS short Mar 27.5 Call as a collar to long positions for about 15c
Low volume is looking sad. The EMA’s are headed higher with some separation between them. The SMA’s are level which wouldn't be bad for a move higher. Stochastics are overbought with a little room to move higher if needed, RSI is overbought as well but not comical yet and MACD is looking indecisive making this trade look slightly gloomier.BB still separated...
After the last gap down and plunge all the way down to 15.05, price of BLMN seems to slowly crawl northeastwards. Momentum wise, 8ma & 20ema are curled up and if the MACD blue signal line is able to break the previous MACD resistance (a down hand sign) then the first immediate profit target to look up for is 20.5.