Wingstop Inc.

WING - My thoughts

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I was asked to look at wing. Using my fibs we can see that we bounced the major support to the cent almost that I wouldve bought had I known we were at these levels. But we came back down and swept those lows. Now we are pumping again.

What I dont like about holding the red fib level is that we tested it exactly and pumped, but came all the way back down. What I really dont like about it is that we have a huge yearly level untested below this support. I do think we will test the blue level before we ever reverse from higher highs in the future. I will keep an eye on out on this name, but not trade for me unless we hit the blue support. The red fib level happened already.

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