Wingstop Inc.

WING - Major Confluence Trade

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One of my favorite trades right now. I first posted about this on October 6th, on my socials, before the 30% breakout that ensued.

I still love it as a breakout/retest trade.

The confluence of a HTF trendline support along with LTF trendline breakout, on supporting volume, after taking out HTF demand.

Ideally a $109 entry would be beautiful - but I'd be happy with a $116 entry as well.

My take profit here at $140 is for a short-term trade but I do believe we see a larger move toward the $180 level fairly quickly (depending on earnings which are approaching this week).

Happy Trading :)

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