DAVE (Famous Dave’s of America) has broken out above this downtrend line & looks poised for a move to the 6.75 area although with the stock reporting earnings within the next few weeks, this is only an unofficial trade idea. Volume confirming the breakout so far which helps to reel in the spreads on this thinly traded stock. Just be aware that if/when the volume dries up, the spreads are likely to widen, at which point limit vs. market orders are probably best used to exit a position. Daily chart:
DAVE daily July 26th