LOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat.
The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65.
Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65.
Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.