Equities Investment. Burgers and Chicken
People aren't going to stop eating burgers and fried chicken this year. Carrols restaurant group owns Popeye's Chicken and Burger King.
Quarterly: Sold off to an extreme (Green arrow) When you see an extension like that in a mature trend it's often called a blow off, oversold, or parabolic condition. As indicated in the following quarters, we found demand.
Monthly: Currently sitting right on the bottom of the average true range as defined by my Keltner channels.
Weekly. I like that double candlestick pattern from last month on the weekly and the market hasn't invalidated either side yet. Looks like a hanging man/ hammer, Whatever you call it is irrelevant, its indicative of a shift in sentiment from bearish to neutral.
Daily: Higher high and higher low, failing to sell off to the lower end of the range, indicative of demand.
I like this as a long term investment that could net 4x in the coming 12-18 months (top of the range is roughly 12.00 and the 1.618 fib extension is sitting right at 14 without even needing to break new highs.
Thanks for tuning in, if you like my work please follow and share.
Quarterly: Sold off to an extreme (Green arrow) When you see an extension like that in a mature trend it's often called a blow off, oversold, or parabolic condition. As indicated in the following quarters, we found demand.
Monthly: Currently sitting right on the bottom of the average true range as defined by my Keltner channels.
Weekly. I like that double candlestick pattern from last month on the weekly and the market hasn't invalidated either side yet. Looks like a hanging man/ hammer, Whatever you call it is irrelevant, its indicative of a shift in sentiment from bearish to neutral.
Daily: Higher high and higher low, failing to sell off to the lower end of the range, indicative of demand.
I like this as a long term investment that could net 4x in the coming 12-18 months (top of the range is roughly 12.00 and the 1.618 fib extension is sitting right at 14 without even needing to break new highs.
Thanks for tuning in, if you like my work please follow and share.