With the glaring weakness in retail plays in 2014 thus far, I am looking at a restaurant play like CAKE to also get hit. As a result, the first chart below of the daily timeframe shows a potential support breakdown setup, especially under $46.70.
And on the long side, keep an eye on the coiling OPEN for a squeeze higher.
Drop me your top tickers overnight.
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Hey Chess – ABMD is kind of catching my attention here. On the thinner side, but would be curious to know your thoughts. Thanks!
spot on