Panjang
J. Alexander's good for a rally to 11.69

J. Alexander's dropped hard from 11.69 to 9.50 before its earnings report, but it got a huge positive surprise (200%), reporting a profit rather than a loss, and rallied back to 10.50. After a technical pullback to 10.00, I expect the stock to move higher again from here. The earnings surprise was so large that I think we'll see the stock head all the way back up to its pre-earnings volume node at 11.69. I've drawn some trend lines to watch for bullish trend line breaks. JAX has a 9/10 analyst summary score and has recently had several analyst upgrades.
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I entered very near the bottom after the first trend line break. Am currently up about 2.5% on the trade. We broke the second trend line today.Nota
JAX continues to struggle toward that second trend line, but we're making a rounding bottom in a support zone, so I'm pretty sure we'll get there eventually. Some news would help.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.