The following video takes a look at the restaurant sector including 9 individual restaurant stocks trade ideas, both long and short.
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 [...]
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 out 85% of this company's [...]
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 of America) remains an aggressive [...]
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 potential, only consider this trade [...]
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 long entry yesterday on a [...]
The entry criteria for the DAVE (Famous Dave's of America) Long Trade Setup has been revised to any move above 11.97, which will have clearly taken the stock above the primary downtrend line that was pointed out when the original setup was posted a few weeks ago. DAVE has continued to drift lower within the [...]