Brinker International (EAT) Brinker International (EAT) staged a strong rebound after testing the 50% Fibonacci retracement level of the move from 56 to 192.21. In Friday’s session, the stock broke through the key resistance zone between 165.34 - 168.90. Sustaining levels above 168.90 would confirm the breakout and reinforce bullish momentum, opening the door for further upside toward 177, 183, and the previous peak at 192.21.
A breakout above 192.21, which marks a major resistance level, would signal a continuation of the broader uptrend, paving the way for potential targets at 204.90, 211.29, 221, and possibly 235.
The stop loss is below the last higher bottom at $ 162.30.
Technical indicators, particularly the MACD, are trending positively and support the bullish outlook, adding further confidence to the upward scenario.
Disclaimer: This analysis is for informational purposes only and does not constitute financial, investment, or commercial advice or recommendations.
1EAT trade ideas
Brinker International (EAT) Correction completed?After almost three months of correction and consolidation, the share price is fighting its way back up and trying to turn the corner out of the Bopden formation. Pre-market prices are already above the last interim high. A supposed cup is forming, inviting investors to follow the trend of the next upswing.
EAT to $160My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and over top of Bollinger Band
Entry at $185
Target is $160 or channel bottom
EAT - LONGJust going to try this " dip buy " here at 21 ema , as EAT is showing some potential reversal signs and I am bullish market as we had a news failure yesterday .... Just a share , starting up small here...
This is premature but I am going to give it a shot .... as this is certainly a top trender and meets all the trading requirements , it so far also has very much respected the 21 ema , was only under once on Dec 9th since GLB and immediately took it back next day . I'm sure a lot of institutions are seeing that too....
This is a late buy vs GLB breakout and stock still super extended on weekly and monthly .Doesn't mean we cant make money still though .
1) above GLB
2)1/2 gaps pre glb
3) exceptional earnings and sales
4) tight clean moves
5)Good RS
6)Has 20% weekly candle
7) Bonus here is 2/2 gaps after GLB too ....
8)Also bonus ,yesterdays close also a potential volume anomaly = BUYING
If we close below 21 ema twice or show specific weakness I will exit and update the trade in comments section .
EAT - wrong direction! :)See the dragon now?...lol. I drew that for fun...I hope you get a kick out of it. Still a bad dragon. I lost on this one while playing the small caps earnings pop play I've been doing the last few weeks. I am 8 for 12 now in the black on small cap pre-earnings buys. I'll take that percentage all year.
My AIT buy is in from today and I'll see how it progresses tomorrow.
It's a weird time in the market right now so I'll stick to very short holdings. 5-10% pops in a day are fun right now with the smalls but it may be time to just sit on my hands till Sept. Seasonality dip for the next month or so will keep me tuned in...
EAT Brinker International Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$EAT Bullish Unusual Options Activity$EAT Brinker International, Inc. - Possible downtrend breakout closing above the 9d today.
Bullish Unusual Options Activity
$1M bet placed on $75 July OTM calls today (7x OI)
Near term target: $76-$78 range by early May
Note: This is NOT investment advice. Educational only.
$EAT Start of Wave 5I am new to analyzing charts using the Elliot Wave theory and came across this stock on a few other publications.
Upon further review of the YTD time frame, I believe we are entering Wave 5.
There was a large drop due to the pandemic, which has resulted in what seems to be the start of an Elliot Wave. At the beginning of September we hit the top of wave 3 and met resistance at $48. Since then, there has been a 5 wave counter trend meeting resistance at the $47-$48 range. As of October 15th, we've broken through the $48 resistance and it seems to be trending up.
I am unsure of the micro waves I've plotted as there doesn't seem to be quite the pullback for wave 4 during the macro wave 3 trend.
Curious to thoughts and suggestions.
$EAT Start of Wave 5 pending Earnings CallI am new to analyzing charts using the Elliot Wave theory and came across this stock on a few other publications.
Upon further review on the 2h time frame, I believe we are entering Wave 5. There was a large drop due to the pandemic, which has resulted in what seems to be the start of an Elliot Wave. This is indicated by the 20 and 50 EMA’s crossing the 100 EMA. We see a pullback once the EMA’s cross again at ‘2’.
At the beginning of September we hit the top of wave 3 and met resistance at $48. Since then, there has been a 5 wave counter trend meeting resistance at the $47-$48 range. As of October 15th, we've broken through the $48 resistance and it seems to be trending up, pending the earnings call that occurs on October 28, 2020.
Curious to thoughts and suggestions.