WING trade ideas
Two headed chicken Head and ShoulderCareful folks, I just spotted a two headed shoulder chicken wing. Trade carefully with the circled price as your guide. Have fun.
BULL Flag But Chickens Can't Fly (o:I do not recommend this stock and I do not own it. I really just wanted to point out the bull flag so perhaps this flight would make sense
I never thought Wing would get as far as it has.and it is pulling back today. When I saw the flag, I also saw the gaps behind me and I did not get in to this stock..but then it flew! Oh well The stock just seemed like one that would keep me up at night! LOL
Short percent higher than I like
Earnings 7-28 and they do miss occasionally
Anything can happen in the age of Corona! I never hear of the old fashioned diseases like Lung Cancer, Heart attacks, COPD...I guess COVID is our only worry these days! I guess we should be thankful!
I am being silly..lol
Be safe and again, I do not recommend this stock
WING Gave Back GainsGave back a lot of gains when it squatted few days before earnings. I would have made BIG if i decided to stop at BE instead of bailing.
Jul 16, 2020 10:29
Shares traded: 180
Closed P&L: $599.45
Share trade
Tags:
ibkr
Edit Tags
Add Notes
Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-16 10:29:40 WING 90 $132.840 90
2020-07-23 13:36:54 WING -90 $139.501 0
BREAKOUT CUP AND HIGH VOLUM Q2 EARNINGS BUY WING 155.56$DALLAS (AP) _ Wingstop Inc. (WING) on Wednesday reported second-quarter earnings of $11.5 million.
The Dallas-based company said it had net income of 39 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The restaurant chain posted revenue of $66.1 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $62.5 million.
Wingstop shares have climbed 55% since the beginning of the year. The stock has increased 36% in the last 12 months.
1% CAPITAL
up with volumestock breakout with 9.2% gain on 19 Jun
then consolidated from three days, and
today 25 Jun up 4% with huge volume!
another important observation: on 24 Jun,
general market index was down more then 2%
with volume, showing signs of distribution,
but WING was only down 0.08% with almost
half the usual volume --- a sign of accumulation!!
$WING can rise in the next daysContextual immersion trading strategy idea.
Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced and tossed in various flavors.
The demand for shares of the company still 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 $133,85;
stop-loss — $131,80.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$WING is making a new high!Based on the previous analysis,
$WING is making a new high and has a uptrend. The last support level is 114.
Meanwhile , MACD is forming a bearish divergence in the nearest future, which indicates that it will be the last uptrend before the correction.
Let's Those Wings Fly Higher!** Likes and Comments are welcomed; New Subscribers have wings! **
What I see...
:: If any restaurant would survive this pandemic, it would pizza delivery... and Wingstop type of joints where the food remains tasty (and presentable) after a delivery or curbside pick-up. I did a quick test on their website... the bill for 40 pieces of wings for pick-up was close to $50. Add another $10 for delivery!
+ Prices is pulled back last week and regained ground later in the week to push towards 52w high
+ 10ma has just crossed above the 50ma
+ A light dip in RSI from the overbought zone
+ MACD is in positive territory
- 10ma is still very far
- RSI is coming close to overbought territory
What I setup...
+ Long above 52w high
- Stop at -3w low
+ Target at .618 Fib
:: Duration - months!
-
Short WING -- Pre-Earnings Fade
Consumption breakdown on extended shelter in place and job losses
Is early April guidance still good? Especially in light of the US consumer
Is closure really net positive for the brand long term?
ATHs why wouldn't you secure profits in this market?
WINGSTOP still looks extremely bullish going into earningsLook for the next candle on the MACD to be a lighter red color take the buy
seems like it might get created on Monday morning around 10am
If Wingstop sells off a bit and a new MACD lighter red candle gets created
buy in
more than likely its going to beat earnings and gonna keep skyrocketing
as long as people are inside and Q2 earnings for every other company is on the downside then youre good on buying WING for earnings and until Q3
when a sell off might happen IF people start going back their jobs and this whole corona virus is over by Q3 earnings around September
to make a long paragraph short, Buy WING until Q3 announcements or when states start opening up again
then when everything begins to start going back to normal, sell everything and expect a huge sell off
Wing Stop is on a clear uptrend The candle sticks are hugging around the 50 EMA as a support.
I believe this stock can peak around 54
Wingstop Trade setup $WING
Possible entry level $100.86
Target price $104 strong weekly resistance
Stop Loss $99.00
Wingstop gets Buy rating $122 Target Upgrade
Northcoast analyst Jim Sanderson upgraded Wingstop to Buy from Neutral with a $122 price target.
Source thefly.
$95 a possible entry level for a long on a break above Fibonacci resistance.
Heavy horizontal resistance at $104.
