RRGB continues to gain strength

My initial idea written in May'25

Ending diagonal per EW will be confirmed today basically as yesterday's earnings proved the company is at inflection and measures taken to improve traffic and financials actually work.

Monthly RSI divergence continues to work.

I expect that today nice volumes will drive the price to the north as red wave 3 is unfolding.

H&S is clear at this point confirming reversal.

Still risky but highly rewarding bet. One of my most promising.

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Although H&S has been invalidated, just printed outstanding results with positive EPS, revenue beat and traffic dynamics better than expected. Balance sheet questions look much more less risky now as they divested unprofitable restaurants and improved operating margin to 14.8% from 14.3% year earlier for the Q.

2026 EBITDA of $70–73M guidance reaffirmed in the press release.

As for Elliott Waves count, I will update it later once trend up gets confirmed.

บันทึก

Refranchising is on the way. Contracts to refranchise restaurants for over $70M will significantly reduce debt and aid in refinancing. Market reacted with a strong momentum yesterday which I believe will continue until $7 per share near term.

EW analysis will be published later once it becomes more clear.

evgenii_tr_tech

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RRGB is set to reverse soon

โดย evgenii_tr_tech

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