PBPB Cup and handleMassive buying at end of handle breaking out. Quite positive about this one. DYDD.
PBPB trade ideas
Cup and HandleAlmost 2 years of consolidation forming a cup and handle pattern. If it breaks $9.1 and retests not below this price. We can see an upside up to $13.5. Only open the trade if two factors are matched. Otherwise, it will be void.
For self-education use only. Not financial advice.
$PBPB can rise in the next daysContextual immersion trading strategy idea.
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly Sandwich Works sandwich shops in the United States.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $6,82;
stop-loss — $5,78.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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New CEO for Potbelly, Bullish LongRight now given the sentiment around Potbelly's new CEO , I expect this to rise dramatically in price. The market will have a bullish reaction and positive sentiment as a result of the news, and it should be low to mid risk. As always, this is on an opinion based basis. Please do your own due diligence and proceed with caution.
Potential Breakout From Rectangle Chart PatternThe following breakout alert is from my Premium Stock Alerts Service with Macro-Ops.com.
Here's the trade:
3% Breakout: $5.26
1.50% Breakout: $5.20
Price Target: $6.32
Stop-Loss at Minor Low: $4.66
Reward/Risk: 2.07
Thanks,
Brandon
Potbelly Turnaround. Bullish Outlook? PossiblePotbelly Corporation owns and operates Potbelly Sandwich Works sandwich shops in the United States. The Company has domestic and international franchise operations of Potbelly Sandwich Works sandwich shops. As of December 25, 2016, the Company operated Potbelly Sandwich Works sandwich shops in 29 states and the District of Columbia. As of December 25, 2016, the Company had a domestic base of 441 shops in 29 states and the District of Columbia. Of these, the company operated 411 shops, and franchisees operated 30 shops, as of December 25, 2016. As of December 25, 2016, the Company had 13 international franchised shops, which included 11 shops in the Middle East, a shop in the United Kingdom and a shop in Canada. As of December 25, 2016, the Company had domestic franchise shops in Arkansas, Iowa, Illinois, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, Texas and Virginia.
SHORT INTEREST
2.93M 07/31/19
P/E Current
-11.51
P/E Ratio (with extraordinary items)
-3.65
Average Recommendation: HOLD
Average Target Price: 6.00
PBPB Stock ´´Potbelly Corporation´´PBPB is forming a consolidation, waiting for the break out to go up.
Im waiting a price of $12 usd to enter a buy respecting the support and trends line.
Trade under there own discretion
