IPO lock up expiring this week and now all of the initial public offering stock $12.00 per share, at 2,000,000 shares have LOST half of their money. OUCH!!
What do you think the psychology of these INSIDERS are, to hold or to sell? or buy more? at $6.00? now
I believe that per the chart, NOW is great time to BUY. Why? Last three candlesticks at $6.00 are showing a bullish pin bar reversal, which is your SIGN to buy either stocks and/or call option spreads, etc..
From the daily chart:
1st resistance is $8.00, then 2nd resistance is $10, then 3rd resistance is $12 (or break even for initial INSIDERS)
FAT Brands is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countries
What do you think the psychology of these INSIDERS are, to hold or to sell? or buy more? at $6.00? now
I believe that per the chart, NOW is great time to BUY. Why? Last three candlesticks at $6.00 are showing a bullish pin bar reversal, which is your SIGN to buy either stocks and/or call option spreads, etc..
From the daily chart:
1st resistance is $8.00, then 2nd resistance is $10, then 3rd resistance is $12 (or break even for initial INSIDERS)
FAT Brands is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countries