Famous Dave’s (DAVE) Breakout

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 [...]

2017-03-08T21:19:37+00:00Jul 26, 2016 3:16pm|Categories: Unofficial Long Ideas|Tags: |Comments Off on Famous Dave’s (DAVE) Breakout

Triangle Pattern In DAVE Ready To Pop

DAVE (Famous Dave's Of America) looks ripe to pop out of this symmetrical triangle pattern one way or the other any day now. I favor an upside breakout which is likely to spark a short covering rally. As this stock is still in a vicious bear market that has wiped [...]

2017-03-08T21:19:51+00:00Apr 21, 2016 12:38pm|Categories: Uncategorized|Tags: |7 Comments

DAVE Short Trade Setup Entry Criteria Revised

I've slightly revised the trendlines that were shown on the recently posted DAVE Long Trade Setup. The yellow lines on the price chart show a bullish falling wedge with the white downtrend line as the top of a descending price channel. DAVE 120-minute Dec 16th DAVE (Famous Dave's [...]

2017-03-08T21:20:07+00:00Dec 16, 2015 2:34pm|Categories: Uncategorized|Tags: |Comments Off on DAVE Short Trade Setup Entry Criteria Revised

DAVE Potential Short Squeeze

DAVE (Famous Dave's Of America) looks to be setting up for a potential short-squeeze. DAVE will trigger an aggressive long entry on a any break above 8.35. Suggested stop below 7.63 or higher if only targeting T1 or T2. As an aggressive counter-trend trade with above average gain & loss [...]

2017-03-08T21:20:08+00:00Dec 9, 2015 10:50am|Categories: Uncategorized|Tags: |Comments Off on DAVE Potential Short Squeeze

Long Trade Ideas Category Updated

The following Long Trade Ideas have either hit one or more profit target and/or exceeded their maximum suggested stop criteria. These trades will now be moved to the Completed Trades category, where all associated posts will be archived for future reference.   WTI: This one was just added as a [...]

2015-11-11T20:44:01+00:00Nov 11, 2015 8:44pm|Categories: Completed Trades - Long|Tags: , , , , |Comments Off on Long Trade Ideas Category Updated

DAVE: Good Food, Great Chart.

DAVE (Famous Dave's of America) will trigger a long entry on any break above 12.75, which will have taken the stock over that purple minor downtrend line on this 120-minute period chart. R1 & R2 are the first key resistance levels where active traders might opt to book quick profits [...]

2017-03-08T21:20:14+00:00Oct 6, 2015 9:40am|Categories: Completed Trades - Long|Tags: |Comments Off on DAVE: Good Food, Great Chart.