ShakeShakeLeg

Let's Those Wings Fly Higher!

Long
ShakeShakeLeg Mis à jour   
NASDAQ:WING   Wingstop Inc.
** Likes and Comments are welcomed; New Subscribers have wings! **

What I see...
:: If any restaurant would survive this pandemic, it would pizza delivery... and Wingstop type of joints where the food remains tasty (and presentable) after a delivery or curbside pick-up. I did a quick test on their website... the bill for 40 pieces of wings for pick-up was close to $50. Add another $10 for delivery!
+ Prices is pulled back last week and regained ground later in the week to push towards 52w high
+ 10ma has just crossed above the 50ma
+ A light dip in RSI from the overbought zone
+ MACD is in positive territory

- 10ma is still very far
- RSI is coming close to overbought territory

What I setup...
+ Long above 52w high
- Stop at -3w low
+ Target at .618 Fib
:: Duration - months!
-
Transaction en cours:
Setup triggered today; Long entry!
Transaction en cours:
Concerning to see such a weak bar painted on a very bullish day. The DOW was up 900+ points! Moving Stop to 116 to limit losses.
Trade fermée: ordre d’arrêt atteint:
Stopped out; Loss -0.55R
Clause de non-responsabilité

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