TXRH a western theme restuarant stock LONG
Updated
TXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner
Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up
for more than six months. There were corrections in January and April. I conld suppose
another correction may occur in July whne trading volumes are lower for the summer.
In the meanwhile < I see TXRH as a good long trade until the anticipated July pullback or
the chop zone signal falls into the chop zone. TXRH is at an all time high. Typically it may not
be the best place to take a long trade but in this case I believe that the momentum will
persist and the trade will be quite profitable.
Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up
for more than six months. There were corrections in January and April. I conld suppose
another correction may occur in July whne trading volumes are lower for the summer.
In the meanwhile < I see TXRH as a good long trade until the anticipated July pullback or
the chop zone signal falls into the chop zone. TXRH is at an all time high. Typically it may not
be the best place to take a long trade but in this case I believe that the momentum will
persist and the trade will be quite profitable.
Note
TXRH slowly moving up. Full position and patient.Note
Slwo and steady. Low maintenance trade.Note
More of the same.Trade active
Overall, TXRH moved a net 3% in a week of price action. Patient and holding.
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