CMA, CBRE and NDLS have consolidated at key levels.
Interesting technicals for an asymmetric short term long position.
All benefit from lower rates.
Fundamentally, all reported weak results in MRQ.
Noodles long term chart indicates more structural company issues.
Currently, there are dozens of charts with similar setups.
To a large extent, they are all a rates play.
NDLS showed positive earnings, followed by support at the bottom deviation line, RSI showing momentum coming back to the upside. Swinging to a potential new high. Positive analyst rating of $15.33
NDLS is setting up in a textbook breakout pattern.
After climbing 323% off from the COVID lows, Noodles began forming a large consolidation base. Profit taking resulted in an acceptable 26% retracement, followed by successively shallower dips that ended in a tight 6% range.
The small-cap restaurant chain saw earnings turn positive last quarter and sales...
such a clean double bottom. tightening 5 months price action between $11.50 to $13.25. 4 consecutive quarters of sales growth for this fast-casual restaurant business
Spring semester is upon us... Could this be a strong bounce, or a slow and confusing moment? Hammer head forming today with a strong resistance level at 7.56, would ideally like a good reversal up to 8.40, I guess I'll sit and wait to see what happens now. uc.
As a college student noodles are life, and if you can make gains while enjoying noodles I'm down. Nice uptrend pattern break the 20 SMA and I'll take you out.....if you know what I mean
If you like Classic Technical Analysis this is a good example who combine several things you need to learn and identify in real time and then act consequently with the price.
The first thing is the Big Support beaten several times and accompanied with a lot of bottom tails, then you need to go to the now where you can observe a triangle and in the triangle you can...
