$WING pullback to $175 area potentially bring in buyers.
Area to watch for pullback buy setup.
Strong acting stock printing 12 month RS new high before price.
$WING back on the secondary watchlist for potential pullback buy setup.
5 days up into its 50 MA reclaiming earning gap up support.
Friday pullback testing that area.
Maybe prepare for landing?
The Company and its stock price have performed well throughout the pandemic due in large part to early investments in digital and a model conveniently built around takeout and delivery versus dine-in.
2023 may prove to be a challenge.
There are a lot of buyers in Wing which can mean a lot of sellers when the tables turn.
Can be...
$WING with a pullback setup of its 50 MA heading into next week.
Best case scenario this stays tight until FOMC is out of the way and comes out strong with favorable market reaction.
Build that list, and don't FOMO.
WING broke out of its most recent base with a strong earnings gap. After consolidating recent gains, it came down and touched the 21 ema and now has the potential for a low-risk kicker pattern entry on Monday if it gaps above Fridays open of $156.81. Kicker indicator -
These 3 stocks look like leaders, and all are making the same patter.
The play is simple, wait for a throwback from the gap and then buy the close above the high.
The thing is that as they are all real moovers, I'd try staggering stops. Is the best way I know to manage risk in stocks with hihg volatility.
NASDAQ:WING is the first to breakout but with a doji...
I have not been to Wingstop $WING yet.
For those who have, how are they different from BWW?
Put it an "almost" inside day Friday after pulling back to earning gap up low.
Potential PB setup, but 2 more days creates a more defined pivot.
WING has been an interesting story in the restaurant sector over the past 7 years. Wingstop has experienced above-average growth in both top and bottom line figures over this timeframe. Let us explore why this is the case and where the stock may go from here...
Fundamentals: WING's fundamentals are nightmarish. Incredibly high levels of debt (likely why WING has...
Verrrrry close to its turnaround, just waiting for the divergence. Outlook isn't crazy volatile but expecting slow but steady gains as accumulation begins.
I'm new to technical trading but with the overall uptrend of WING and this pennant forming, I'll be looking to buy September call options next time the price touches the blue support trendline. Their revenues are great and they've made explosive moves on earnings in the past, I love the overall uptrend.
