denny'sa grand slam update, we are cooking. bouncing off the halfway point of this descending wedge. if it holds might be in for business
DENN trade ideas
Dennys is a steal right now Dennys great food, decent prices as is, and well the demand for the kind of places is still sitting large in America, here we have a 24/7 money making machine oversold on every level, profit is there, business is there, and they are not under or over staffed and seem to be jam packed every weekend and Thursday Friday night by the hunger of drunken people... waffle house should be on here, but it's no wonder who's cashing out on that! Time to go Long Long $15 calls are going to pay big bucks by 2023!
DENN - Upward Channel Buying OpportunityThis trade appears to be nice and simple. If the structure of the upward channel holds, I would expect a buying potential around the $10.85 level, and a sell around the $11.65 level, which would generate around 7% profit. Having completed no fundamental review of DENN, this is all based on technical analysis. If the support trend line is broken, this trade idea will be considered void.
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Bullish on Dennys $19 Mid yearFirst off this is the nation's largest 24/7 full-service menu collecting money 24/7 again i repeat some new deals with warner brothers ... never a lack of advertisement or money to advertise. threw the pandemic they did solid and i think people took profits. io like them long and quick from here. if its quick it's going to be some selling but it's still going to be long and stick around $18-$19 bucks' mid-year.
Denny's Corp - Daily - Long OpportunityHere on the daily chart we can see the price is retesting the ascending channel for the 3rd time after the lows seen in March. The company is also on a solid financial ground and looks promising with a good upward potential. Let's wait for a bounce to go long. Stops around 9.50$
Always keep in mind it is a game of probabilities!
DENNY'S CORP - DAILY - BUY OPPORTUNITYHere on the daily chart we can see the price is retesting the ascending channel for the 3rd time after the lows seen in March. The company is also on a solid financial ground and looks promising with a good upward potential. Let's wait for a bounce to go long. Stops around 9.50$
Always keep in mind it is a game of probabilities!
