Demand Zone entry
Entry 1.01
no Stop
Target1 2.5
Target2 4.2
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
WTRH possibly escaped with volume from the apex, also we have x-a=b @ .618 a-b=c @ .618 b-c=d @ 1.618. I want to say that this is a possible gartley harmonic pattern.
WTRH is among the group of small caps who ran during last years rise and subsequent slaughter. Seeing an RSI divergence could be a good spot to pick some up for the next several months. Be careful during earnings.
This has been a crazy ride. First bought around $1, went heavyily in at $.33 and rode it on several waves. She has not gained traction since and in this environment, not sure if she will. But the chart is looking interesting and small cap season is upon us. Fun one to watch. Plus WTRH is back by Tillman Fertitta who is an amazing business man. I hope we have a fun...
Demand Zone
RSI divergence
OBV>OBV34
Entry 1.7
Stop 1.4
Target 4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and OBV SMA...
Bullish Divergence on the daily on the MACD and RSI.
Coinciding with high volume on the daily with horizontal support being retested. Horizontal support also coincides with high volume when the stock is at said level previously.
Everything is lining up for Waitr to have a nice parabolic run here and my last post has played out very well to this point. Few heavy resistance zones but if successfully breached, the skies are pretty clear above until potential double digits. I expect a cleverly timed PR or two to help facilitate that. We'll see.
Feb Opex and other powers have delayed the double bottom set up completion on WTRH. However, if you believe in the company and the chart pattern then this coming week looks like a great buying opportunity before a large confirmation candle forms to break above the neckline resistance. I will be looking at $4.00 4/16s Call options as a potential risky upside opportunity.
WTRH has been gearing up for a breakout over the last feed months, slowly working it's way back from a failed breakout attempt. RSI is looking good, volume is stepping in and the market conditions make it ripe for continuation for the next week or two.
Waitr Holdings, Inc. engages in the provision and development of online ordering technology platform. Its product features delivery, carryout and dine-in options, connecting restaurants, drivers, and diners services. The company was founded by Christopher Meaux on November 19, 2008 and is headquartered in Lafayette, LA.
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