Bullish shark harmonic pattern.
Dragon pattern w/ a backtest of supply line.
HBD on the daily MACD
Stop = Below Support/below the low of the dragon pattern.
1st Target = Top of supply area/resistance area.
2nd/3rd Targets = Resistance areas.
LOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat.
The stock is now above it's 200 day...
LOCO is supply hunting, since the announcement of the special dividend. $16.70 & 11.72 are where supplies are. Depending on how you trade, you can be a directional trade and be long, or if you're just interested in the dividend here is a strategy below to hedge your risk.
The strategy requires a minimum of buying 100 shares, and additional positions need to be...
Triangle are repeatable trading chart patterns.
Triangles are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the...
Nice looking channel. This seems similar to SHAK, TWLO, ACIA (as far as chart patterns go)
And it's not 'totally different' than SHAK business model. According to finviz market cap of 436.20 with sales of 441.20M. Decently high short float. So this could start moving higher. One could consider buying some small positions here and add with a pull back to $11.00
Plan here :
We in @ 13.73 and want to hold this stock till Green Friday.
We want to take 5% profit right here.
Don't forget to enter your stop loss!
Good luck !
