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.
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.