$NATH - Elliott Wave finished, new cycle to start
From my previous post, NASDAQ:NATH completed the Impulse Wave with style.
NATH trade ideas
$NATH back up to $80 by End of October - Long Cycle Impulse WaveNASDAQ:NATH - If we attempt to predict Elliot Wave Theory to this stock, we can see that it's at least got Wave 1 and Wave 2 completed. I believe we're in the middle of Wave 3, with the peak yet to be seen. More information on Elliott Wave Theory can be found here: www.investopedia.com
Nathan's Famous (NATH) Set to Take Off for Q3'23 through Q1'24Macro Trend Lines from All Time High and before are converging before the end of the year and and into Q1'24. With this convergence and the MacD looking the lowest it's been since May of '22 where NATH then went on to gain nearly 200% value over the next 16 months. This one is a long term buy, and will continue to perform well into '24.
Looks interesting trade some shares of Nathan's Famous.My sugestion:
Entry point: 44.20
Stop loss: 36.50
Profit target: 66.49
