Chef's Warehouse (CHEF)

[PokerStar]

Anything is possible here. People that have any knowledge of this ticker knows it was at almost $40 before the shutdown and the price was artificially brought down to an unrealistic $3.60. It's been starting to gather more traction since support above $15 was tested and confirmed early last week. We almost tested $20 on Friday before the usual beer money sell off. We'll probably open in mid $19s on Monday and break through $20 early. I expect a little churning between $19-$22 before a break for $25. It could happen fast or it could take longer, but based on the fact that the world of restaurants that we supply are starting to begin to reopen, I think smart money is adding or re-buying from before the crash. I am bullish and not going anywhere. Started buying on the way back up over $4 and have added all the way up at every $2 increment. Easy money.....buy and hold and forget the daily fluctuations.




PokerStar