Looking to short LOCO on continuation of the breach of the 100 and 200 SMA.
I'm seeing a set up for a bull run. Trend lines have been upward slanted the last few months and is still be tested (currently we are on/around the median). Fibonacci resistance/support lines are being tested too. I'm thinking either in pre-hours, or early hours after opening the price very well might fall due to exterior motives (SPY tanking); but I don't...
Weekly Chart showing a bear flag here. Could see under 10 very soon -- most likely from earnings reaction
STOP DECEIVING INVESTORS EL POLLO LOCO NAMED THE BEST STOCK TO SELL SHORT IN 2014 FRAUD STOCK RATINGS VIEIRA WORLD'S BEST TRADER GUARANTEES THE COLLAPSE
11/9/15 Earnings is coming up. I think LOCO is in an accumulation phase of some kind. Therefore, if LOCO gaps up on earnings, I'll be bullish. If it has some kind of crazy bearish gap down, it's going to be hurting for a while.
HAven't filled on our swing yet. Probably will cancel that exact set up on Monday. LOCO is consolidating here after really nice bullish volume.
I love today's gap on the daily. Nice volume. It's a retest gap on the hourly, Wait for a pull back and see if you can be more bullish on this trade.
In five minute chart there's a construction of a bottom, for risk takers, buy 12.7 towards 13.48, just under the over head supply with a redraw of pattern at 12.60; for safer traders, wait until above 12.82 redrawing at 12.60 and the same objective. $LOCO
its down the measured move from the triangle breakdown. how low can it go? today was double bottom?
LOCO has retested its IPO opening and likely formed a double bottom. Buy before a possible CMG rally which could serve as catalyst for break of downtrend and give momentum into LOCO earnings in August. Place stop in low to mid 18's. Potential upside is significant at this level.
I do like this trade a lot. There is some "interesting" support from early 2015 which LOCO could pause at for a bit. Don't be chicken to take this trade though. Nice squeeze, there is a gap down. Likely going to play this with shares because options do not move that well on LOCO...
El Pollo Loco may be near a bottom since OBV made a local bottom in the beginning of June. Its ema50 is still very negatively sloped. Reconsidering when ema50 is marginally positively sloped