AI
WAMUQ chart and notes:
I don't have a bunch of love for these BK stocks. They had their moment out of the gate and now seem to be caught in limbo while people figure out what to do with them. In this case the chart seems to indicate that it is done with the heavy swings, which is good and bad. You can't expect this to rocket off to the .25 range again without signifcant news but since its in the lower BB's and the RSI is building pressure you might look at .05-.06 range just off retail interest which still exists. I don't however see this moving anywhere in the short term. If I had to make an estimate based off the season we are approaching and the charts indicators right now, the earliest this could luanch(pending breaking news) is first part of December and even then I may be just optimistic. The good news is there is a channel starting to develop I didn't comment on it in the chart but I seen it in the 60min chart and I will post on it next week for you if it continues.
I don't have a bunch of love for these BK stocks. They had their moment out of the gate and now seem to be caught in limbo while people figure out what to do with them. In this case the chart seems to indicate that it is done with the heavy swings, which is good and bad. You can't expect this to rocket off to the .25 range again without signifcant news but since its in the lower BB's and the RSI is building pressure you might look at .05-.06 range just off retail interest which still exists. I don't however see this moving anywhere in the short term. If I had to make an estimate based off the season we are approaching and the charts indicators right now, the earliest this could luanch(pending breaking news) is first part of December and even then I may be just optimistic. The good news is there is a channel starting to develop I didn't comment on it in the chart but I seen it in the 60min chart and I will post on it next week for you if it continues.
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