CHEF on a 4H chart has been trending up since earnings in November. The report last week was
improved over November's. I got this one January and uploaded an idea then. CHEF has ran
25% since then. The bot alert is signaling SELL. RSI is at 64 and not yet overbought on a
period of 14. The mass index is signaling a reversal down at it went over the...
Chef's Warehouse reports in two days. This is a slow grind it out type of stock. In the past week
volume spiking is seen on the indicator with the blue bars pointing out aberrancies in volume
otherwise called spikes. On the volume profile, CHEF fell down and out of the high volume
area of the profile for much of February but on Thursday the 8th re-entered...
Test with pilot position, 10% of full position. Beat earnings and revenue guidance.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
$CHEF ready to serve!
I like this setup here quite a bit.
shakeout below 50 MA after a base breakout in April and now setting up a nice pivot right above its up-trending 50 MA.
Another Focus for this week.
$CHEF weekly reflecting a multi month long inverse head and shoulder pattern, coupled with cup and handle. +100% sales growth QoQ for Q2, +40% approx for Q3.
Chefs Warehouse (CHEF), I believe, is uniquely set up to benefit from any vaccine news and government stimulus, provided that they can survive the remainder of this 2020 and Q1 2021-which I believe they will due to a good balance sheet.
CHEF is a specialty food distributor mostly specializing in restaurant sales and distribution. Unlike US Foods or Sysco they...
No rising wedges
Stock has been kinda hanging on support. If it ges below C..time to get out. An ABC pattern can turn in to a head and shoulders pattern if the C leg does not proceed..or hit break out and pulls back under C
Stop under C to keep you safe from this
PLNT is a bit iffy and was in an ABC pattern. Patterns change and are not set in stone. The only...
Nice bottoming pattern
Just settled above sma 50, 20 on the daily
Watching it to break 17 to take a long position
Short ratio > 5 helps as well
Target 20
Contextual immersion trading strategy idea.
The Chefs' Warehouse distributes specialty food products in the United States and Canada.
On 29 May Moody's announces completion of a periodic review of ratings of The Chefs' Warehouse. It causes a rise in the share price.
At the and of the day the demand for shares of the company looked higher than the supply.
These...
As of right now, I am keeping an eye on CHEF (Chefs Warehouse). Yes, it did break through the 23.6% fibonacci resistance line, however, we need to see a whole green candle above the resistance in order to jump in (using 1 hr candles). If CHEF breaks through the $11.84 resistance, expect to see $17 in the upcoming days. This is a very good opportunity for a long...
Full disclosure I am holding long from the 27-28 level, bought on earnings winner pullback. I thought about throwing it up here may a time but life has gotten in the way. Lets get to it!
The bottom (volume) has broken out over the 2x std line twice in the last week (The orange triangles point out he deviation breaks) while powering to a new high and confirming...
