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Restuarantstocks

CAKE rises on VWAP bounce LONGCAKE on a 30-minute chart with a set of VWAP band lines anchored back one month shows the cycle of a trend up from a good earnings report into the uppermost band lines followed by a retracement down to the slowly rising mean VWAP where after consolidation and testing of that support, price has begun a new trend up. This is confirmed by EMA line convergences as well as RSI strength bullish divergence prior to the price action reversal. I will take a long trade here targeting 39 and 41 price levels reflecting the upper VWAP band lines. These are roughly 5 and 10% as realistic targets with a stop loss below the mean VWAP line at 36.8.
NASDAQ:CAKELong
by AwesomeAvani
TXRH a western theme restuarant stock LONGTXRH 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.
NASDAQ:TXRHLong
by AwesomeAvani