Papa gonna take it in the shorts. I forgot about this guy and this company until I saw his recent interview.
-Good R:R
-At important fib levels and historical resistance
-I'm bearish on restaurants anyway due to slowing growth so this lines up with my forecast of this sector
-I don't see a lot of demand for Papa's and if it sells of I wouldn't expect a lot of support until major areas of value.
**Trade responsibly, manage risk, do your own research
-Good R:R
-At important fib levels and historical resistance
-I'm bearish on restaurants anyway due to slowing growth so this lines up with my forecast of this sector
-I don't see a lot of demand for Papa's and if it sells of I wouldn't expect a lot of support until major areas of value.
**Trade responsibly, manage risk, do your own research
Trade attivo:
Closed half of my position and moved my stop loss to 62.51 for a guaranteed profit on this trade