EWG trade ideas
WING - Reversal from Upward channel line, short at $37.08WING was in our watch list for short, but it never broke down. However with earning it went up & interestingly it hit its upward channel resistance line. We think it will decline form here, and considered a short position from the upper channel line.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Reversal from Upward channel line.
Entry Target Criteria- entry at $37.08 (Entry November 6, 2017)
Exit Target Criteria- 1st Target $33.23 & 2nd Target $28.73
Stop Loss Criteria- $39.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
increasing guidanceFor the full year 2017, we are increasing our guidance and now anticipate adjusted earnings per share in the $4.85 to $5.15 range.
-- Ware
WING- Breakdown short from $31.87 to $28.87zWING seems broken down from an upward channel & consolidating within a triangle formation. If it breaks down the triangle formation or the support around $32, it can decline down to $28 or lower.
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Upward channel, Triangle breakdown short.
Entry Target Criteria- Break of $31.87
Exit Target Criteria- $28.87
Stop Loss Criteria- $33.53
Please check back for Trade updates. (Note: Trade update is little delayed here.)
People would start a revolution over delayed wingstop chicken.Okay i want a good entry above 33.65
and a nice close about that price then anticipate to reach first target at 35.49
my risk is in 32.04
$WING-Short TermThe lines are at those positions because of the recurrence of trend. Of course the stock has the potential to go higher then my recommendation of stop limit price. This stock has good value for both going long or short, this graph shows the short side of it. NASDAQ:WING
