CHEF is a buy on pullback
Full disclosure I am holding long from the 27-28 level, bought on earnings winner pullback. I thought about throwing it up here may a time but life has gotten in the way. Lets get to it!
The bottom (volume) has broken out over the 2x std line twice in the last week (The orange triangles point out he deviation breaks) while powering to a new high and confirming the breakout. I would like to get my last 1/4 of a position in, so I am waiting for a pullback towards the support line round 29- 29.50 before I pull the trigger.
Target is 33.00
Stop loss under 28.00
What does chef do? I don't know! This is purely a chart + earnings winner play.
I am planning on selling into the runup BEFORE the next earnings to keep earnings surprise risk down.
Disclaimer: This is for educational purposes only.
The bottom (volume) has broken out over the 2x std line twice in the last week (The orange triangles point out he deviation breaks) while powering to a new high and confirming the breakout. I would like to get my last 1/4 of a position in, so I am waiting for a pullback towards the support line round 29- 29.50 before I pull the trigger.
Target is 33.00
Stop loss under 28.00
What does chef do? I don't know! This is purely a chart + earnings winner play.
I am planning on selling into the runup BEFORE the next earnings to keep earnings surprise risk down.
Disclaimer: This is for educational purposes only.
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