CHEF a consumer discretionary stock to relish LONGCHEF on a 4H chart has been trending up since earnings in November. The report last week was
improved over November's. I got this one January and uploaded an idea then. CHEF has ran
25% since then. The bot alert is signaling SELL. RSI is at 64 and not yet overbought on a
period of 14. The mass index is signaling a reversal down at it went over the threshold
and then triggered.
I see CHEF ans a good stock that did 25% on the shares and 150% on the options since my buy.
I will sell the full position here. I will wait for a period of consolidation and Bollinger Band
tightening and a flat Supertrend line to make a sizeable new entry.
CHEF
CHEF rises in price and volume for earnings LONGChef's Warehouse reports in two days. This is a slow grind it out type of stock. In the past week
volume spiking is seen on the indicator with the blue bars pointing out aberrancies in volume
otherwise called spikes. On the volume profile, CHEF fell down and out of the high volume
area of the profile for much of February but on Thursday the 8th re-entered it and pass through
it and breaking above it all in the same day. This is a rather explosive reversal pattern.
Price has maintain itself above the area in the past two trading session. The past week saw
more than a 6% rise for CHEF. This trade is best suited for investors, patient swing traders
or those trading options. This is not an intraday stock trade.
$VRYYF Low-Float Food Tech Play w/ Huge UpsideTHE VERY GOOD FOOD COMPANY INC
Valuation
Market Capitalization
141.162M
Enterprise Value (MRQ)
55.25M
Total Shares Outstanding (MRQ)
73.141M
Buy now, thank me later.
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This is not financial advice. Please make sure to do your own research and come up with your own educated decisions.