Bullish shark harmonic pattern. Dragon pattern w/ a backtest of supply line. HBD on the daily MACD Stop = Below Support/below the low of the dragon pattern. 1st Target = Top of supply area/resistance area. 2nd/3rd Targets = Resistance areas.
LOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat. The stock is now above it's 200 day...
LOCO is supply hunting, since the announcement of the special dividend. $16.70 & 11.72 are where supplies are. Depending on how you trade, you can be a directional trade and be long, or if you're just interested in the dividend here is a strategy below to hedge your risk. The strategy requires a minimum of buying 100 shares, and additional positions need to be...
Probably add this if we follow through hard tomorrow, or even if we don't. On top of list for restaurants. No position currently.
NASDAQ:LOCO Possible Scenario: LONG Evidence: Price Action TP1: ~19.5 This is my idea and could be wrong 100%
Triangle are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the...
Restaurants need some good news, Tacos will recover.
Please Feel free to comment? Trying to Learn Also please help feed my stock and treat yourself , $5 combos are great!.
Plan here : We in @ 13.73 and want to hold this stock till Green Friday. We want to take 5% profit right here. Don't forget to enter your stop loss! Good luck !
Looking to short LOCO on continuation of the breach of the 100 and 200 SMA.
I'm seeing a set up for a bull run. Trend lines have been upward slanted the last few months and is still be tested (currently we are on/around the median). Fibonacci resistance/support lines are being tested too. I'm thinking either in pre-hours, or early hours after opening the price very well might fall due to exterior motives (SPY tanking); but I don't...
Weekly Chart showing a bear flag here. Could see under 10 very soon -- most likely from earnings reaction
I do like this trade a lot. There is some "interesting" support from early 2015 which LOCO could pause at for a bit. Don't be chicken to take this trade though. Nice squeeze, there is a gap down. Likely going to play this with shares because options do not move that well on LOCO...
This stock is new and looks to be building a base, look for long on this one at breakout.