Texas Roadhouse Inc (TXRH - US) is moving down in ABC down wave pattern. B wave is complex wave, in which internal wave b was triangle. So possibly wave C will be very sharp down which is already started moving down. Let’s see how chart unfolds.
Texas RoadHouse (TXRH- US) formed triangle after severe downtrend. This triangle formed B wave as shown on chart. Sell below 45.30 after breakdown with stops above 47.85 for bigger down target
TXRH - closed on dead lows of the day at 58. It was 72 after great earnings and hit the top end of the impulse leg rally target. Last time I checked people haven't stopped eating and these restaurants are packed. Looking for a sharp snap back rally to get it back up to gap at 63-65 or so.
TXRH gapped higher with Earnings to complete a Wave 3. While I am bullish on the stock. I expect that TXRH will initiate a correction wave and for price to fill the gap that it left with Earnings before it continues to move higher to 80. Setting my initial target of ~65 by early April before it continues to move higher.
NYSE Earnings strategy signal. Casual dining restaurants operator Texas Roadhouse, Inc. has been increasing sales (from $1.25 bln in 2014 up to $2.21 bln in 2018) and EPS (Earnings per share: from 1.58 in 2014 up to 2.46 in 2019) for 5 years. Four analyst companies published $TXRH rating in 2020. Two of these ratings were upgraded. The company opened some new...
personal opinion on set up of the 200/gap support held and confirmed turn. Long this base. Looking for break above 20 day moving average for next confirmation. 200 would be stop
TXHR looks to be consolidating its breakout move after earnings. Triangle pattern forming with higher lows and lower highs. Volume drying up. MACD and RSI not so hot but could make one push higher before heading down. With the impulse leg that took out two prior peaks I like this to 67. 50 day ready to cross over 200 day. Up up and away!
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
Easy scalp here. Bounced exactly off the .786 retrace on a textbook bullish gartley. Looking for a target at the TL around 64 in April. Reason I'm looking at restaurant stock is cuz I'm looking to mostly long stocks that don't trade w/ the indices.
Doji on the month, gap down on the daily. No clue how or where to short it or if its even possible. Just saving for journal/future reference
Texas Roadhouse is one I've invested in for the longer term, it offers some great percentage gains on these s/r level swings. Here's my entry set-up.
- Positive MACD crossover - Positive RSI development - Price break through resistance at 60, breaking out of a rising triangle formation, giving a price target of 68 - Price aboce SMA 200 - Price recently get above SMA 50 Link to company information at marketwatch: www.marketwatch.com Not much of a risk on this one. Not setting a stop loss. Expect support at SMA...
WEEK MA CROSS 2 MONTH MA + PEAK SEASON FOR DEMAND OF FOOD IS COMING.
anyone else cooking their own steak???