BEAR FLAG OR BREAKOUT???
Updated
I haven't been in any of their chains for years. I was gonna drive by Taco Bell but that drive thru was at least 10cars ahead of me. Im not sure if service was slow or maybe lunch time is always busy so I just decided to try Habit Burger for the first time. As a SOCAL In-n-out fed resident their burger and service is pretty good for sure. Not a big fan of Pizza Hut and my co worker would always bring KFC every putlock and it taste the same as always. Looks like an accumulating phase right now.
MY BULLISH BIAS: Nothing is stopping this BULL MARKET and their 22B buybacks
MY BEARING BIAS: Sellers might take advantage of this bear flag formation
MY CONCLUSION: I will enter a position sooner that later. See chart
Please feel free to criticize my bias and would love read yours.
MY BULLISH BIAS: Nothing is stopping this BULL MARKET and their 22B buybacks
MY BEARING BIAS: Sellers might take advantage of this bear flag formation
MY CONCLUSION: I will enter a position sooner that later. See chart
Please feel free to criticize my bias and would love read yours.
Note
My BUY Price Entry was triggered sooner rather than later but I didn't expect that it would pierce the resistance level easily. :)TA: As of now, the price is just above the 300MA which is also in the same level where "golden fib pocket" is. And thats the YUMMY! YUM! level (No pun intended) for TA traders.
Fundamental: Jan 24: They declared 11.9% div increase from $0.42 to $0.47. Ex-div Feb 13 and payable by March 6. I also noticed some insiders activity during that day. Earnings Report on Feb 6.
Current Market: CORONA VIRUS SELL OFF
MY BULLISH BIAS: I think the price held pretty good just around -1% despite the panic sell last Friday. Probable Gap UP during next week earnings.
MY BEARISH BIAS: When the Chinese Market opens and the SELL OFF continues...
MY CONCLUSION: Next week, I will take some profit if it drops below the resistance/support level and wait for earnings report on Thursday towards ex-div date for my next move.
Please feel free to criticize my bias and would love read yours.
Note
TA Correction: the price is just BELOW the 300MANote
I apologized for my UNCONSCIOUS BIAS that would love to have that price go ABOVE 200 MA before taking profit. LOL!Note
TA Correction: the price is just BELOW the 200MA
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