Another Zoes bottom in September?
Zoes Kitchen has temporarily bottomed in September and made a nice run through October in 2014 and 2015. After getting decimated from earnings a couple of weeks ago, I believe it is gearing up for a three-peat.
We're just under that nice 26 support area with 24 also in focus. The daily RSI is currently at an extreme (under 20), so I see limited downside from here (currently 25.55).
If we can convincingly break over 27 (minor support over the last 2 weeks that finally broke and will most likely become resistance) we should have a nice run to 30 (a nice psychological level that provided previous support/resistance).
We're just under that nice 26 support area with 24 also in focus. The daily RSI is currently at an extreme (under 20), so I see limited downside from here (currently 25.55).
If we can convincingly break over 27 (minor support over the last 2 weeks that finally broke and will most likely become resistance) we should have a nice run to 30 (a nice psychological level that provided previous support/resistance).
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