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.
she's clamped, ready for a nice free fall. No idea why fried chicken & shi shi burrito joints trade at their insane valuations but it warrants a head check and we all know this shit can't last in the face of rising input costs. Either capitalism comes nose-to-nose with sanity or Christ returns. One or the other, people...
Sold my puts into a knee-jerk rally tape...
looks like it's about time to re-price this sh*t... wing expert or no expert at cooking bone in bone out, your game doesn't need to be priced like a biotech phase 1 bangin' results. wtf. Loving how they price stocks like this to sideline a lot of players in the options market. 👌
Posting for my own reference as I'm just learning about Elliot Waves. Appears to be in wave 4. Might actually play this one if wave 5 gets confirmation.
Description: WING is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $147.2 - $151.6
2. Take profit: $171.34
3. Stop Loss: $143.52
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 94%
BEEN WATCHING WINGSTOP FOR A POSSIBLE TRADE AS A LONG BUT FROM HERE ON IVE CHANGED MY ANALYISIS FOR A POSSIBLE SHORT POSITION TO THE THE 90 DOLLAR MARK...IF YOU SEE IT TOO COME JOIN IN
WING missed earnings and took a fall to Mid Cup which is usually strong support.
Although a deep fall, to 136.18 which is a few cents below mid cup which is 136.24. This made me think the support there is strong.
As a rule, waiting for long entry level which is a long entry above the high, is the standard. Wing may have support at mid cup. Time will tell and...
