NDLS is setting up in a textbook breakout pattern.
After climbing 323% off from the COVID lows, Noodles began forming a large consolidation base. Profit taking resulted in an acceptable 26% retracement, followed by successively shallower dips that ended in a tight 6% range.
The small-cap restaurant chain saw earnings turn positive last quarter and sales increased by a robust 57%. The company is worth just $599 million as of October. Not to mention, shares traded above $50 after the IPO. So, there is plenty of upside left on this one.
I'm looking to buy a move above $13.35 with a stop at $12.55.
After climbing 323% off from the COVID lows, Noodles began forming a large consolidation base. Profit taking resulted in an acceptable 26% retracement, followed by successively shallower dips that ended in a tight 6% range.
The small-cap restaurant chain saw earnings turn positive last quarter and sales increased by a robust 57%. The company is worth just $599 million as of October. Not to mention, shares traded above $50 after the IPO. So, there is plenty of upside left on this one.
I'm looking to buy a move above $13.35 with a stop at $12.55.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.