Not many stocks on the 52-week high list today - Qdoba seems to be just getting some attention; likely from CMG investors who are rolling funds out of CMG and into JACK. Great action. Great chart. Great upside potential. Risk to $64, Upside to $80-$90. Subscribe to this chart or Look for follow-up charts with upside targets. Tim 2:09PM 10/21/2014 69.44 last
Qdoba Restaurants is on sale today in the market selloff. Prices are returning to a decent entry level. Target $76 in the next quarter. Risk 3 ATR's Tim 2:45PM EST 64.50 last JACK
After viewing Tim West's recent bullish argument for Jack in the Box, I was moved to have a look because his insights often bear fruit. Thank you Tim. Price recently moved above the upper MLH of fork A , the lower mid line of fork b and the mid line of the clone SP. It is reasonable that price may make it's way to the upper ML of SP clone but the center ML of...
Republishing JACK (Jack In The Box Inc) and the strong uptrend that was in place as new Qdoba Restaurants are opening and building momentum and investor awareness. Given how cheap JACK is relative to CMG, there is a very nice arbitrage play between a long position in JACK and a short position in CMG. I'll put another chart together to show the setup. Have a...
Powerful, long term rally in place here in JACK ( the owner of Qdoba Mexican Restaurant chain - competitor to Chipotle Mexican Grill CMG). The price pattern is similar to a William O'Neill "Cup & Handle" but it hasn't broken out yet above 62 or 63. The last pullback held the "Key Hidden Level" in the low $58 area and has turned back up above the last 8 days...
JACK IN THE BOX INC - JACK This is QDOBA restaurants - the Chipotle Mexican Grill competitor (from my perspective). Several QDoba's have opened where I live and they seem very similar to CMG to my untrained eye. However, from a technical perspective (my "trained" eye), I see an EXHAUSTION pattern in the price action that suggests a meaningful amount of...
An example of Bollinger Bands confirming a classic charting pattern, the W Bottom
Swing CD nearing exhaustion with strong pull towards the confluence area before a possible retrace of price down to ML. If price touches the confluence below, it will be pushed down to ML.. however if prices lands on top of the confluence from above, it will jettizon up and then it will be time to draw the WL.