$STKS a setup fresh out of the oven tonight. Came across it doing my regular evening routine. Clean supply line with a breakout through that level potentially completing a developing cup base. Checks many boxes.
$STKS is on the low price end but that basing pattern around its 50 MA looks almost perfect. I'll be watching this into next week. An upscale restaurant re-opening play.
Nice Bollinger break after earnings AND after a period of consolidation where it was rebuilding a base is often a nice sign. Other indicators looking bullish as well. I made a couple of videos on how I find these attached below.
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Ascending Triangle, Confirmed Pros: Descending Volume during formation Volume at Break out PPS above 50MA and 200MA RS ascending and above 0 R/R ratio over 13 250RSI above 50 ATR ascending, more volatile Cons: 200MA descending Price target: PT1 = 5.06