Almost 2 years of consolidation forming a cup and handle pattern. If it breaks $9.1 and retests not below this price. We can see an upside up to $13.5. Only open the trade if two factors are matched. Otherwise, it will be void.
For self-education use only. Not financial advice.
Contextual immersion trading strategy idea.
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position...
Right now given the sentiment around Potbelly's new CEO , I expect this to rise dramatically in price. The market will have a bullish reaction and positive sentiment as a result of the news, and it should be low to mid risk. As always, this is on an opinion based basis. Please do your own due diligence and proceed with caution.
The following breakout alert is from my Premium Stock Alerts Service with Macro-Ops.com.
Here's the trade:
3% Breakout: $5.26
1.50% Breakout: $5.20
Price Target: $6.32
Stop-Loss at Minor Low: $4.66
Potbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia. As of December 25, 2016, the...
Potbelly Corp. engages in the owning and operating of sandwich restaurants. It offers toasty sandwiches, signature salads, and other fresh menu items. The company was founded in 1977 and is headquartered in Chicago, IL.