Weekly chart has been oversold for a while now. There is room for respite before a possible next. We normally never trade B Waves, unless an exception such as this one occurs. Just look at how much space is there to even 0.236 retracement level. It is prudent to assume that B Wave is going to be a shallowest of the shallows, even though a fair proportion of them...
Waitr Holdings Inc (NASDAQ:WTRH) This rally seems like it is getting some momo again. A close above the 1.50 level would be a strong indicator of a further uptrend in the stock. On watch.
$WTRH After118 days we officially have a trend change to green using the Heikin Ashi smoothed indicators. After careful review of the previous quarters, Financials & business plan there is a high possibility the company Waitr holdings can reach $50 a share in the next 2-4 years. The have recently completed acquisitions and investments and morgan stanley now hold...
Looks like we had one heck of a strong close on Friday WTRH managed to hang in there with the volume after a red day...
Interesting price action; The approach I am taking is the $1.57 break. As soon as we break I will look for 1-2 candlestick confirmations and take an entry
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.
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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