Traeger | COOK | Long at $2.50Traeger NYSE:COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low $2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but NYSE:COOK is in a personal buy zone at $2.50.
Target #1 - $4.15
Target #2 - $5.00
Target #3 - $8.50
Target #4 - $19.00 (very long-term...)
Cook
COOK analysis (4H)It seems that COOK is oscillating within a neutral zone, often referred to as a "Trading Range."
In trading ranges, liquidity pools often form at the tops or bottoms of the chart, which both sides hunt.
It’s expected that, based on higher Ls, the liquidity pools at the top of the chart will be swept first, followed by a return to the liquidity pools at the bottom.
In trading ranges, price typically tends to bounce between the ceiling and floor.
For each buy and sell setup, we have defined an invalidation level. A daily candle closing below or above these levels will invalidate the buy or sell setup.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Accumalate or neutral zone in Thomas CookAs can be seen the price is taking support in the cloud. Currently is in accumulate zone as seen from previous entries in the cloud zone and the way it has always been a support for the price. Look to enter after this week candle formation and next week price action to confirm whether to accumulate or look for exiting the issue once price closes decisively below the cloud.