Charts are good as secondary indicators, but when attempting to do an analysis on a BK stock, past performance is not indicative of future performance. It's fine if you're looking at the current bullish/bearish trend, but not very good when comparing to other Q stocks. CEMJQ did most of their big leaps based on court and company events.
If you look at when DAL started messing with MESA Air's codesharing agreement some time back, you'll see that the stock price was actually MUCH higher than it is now. Now if I were going by company events and looking at the DAL lawsuit, I'd say the PPS is going to be quite a bit higher once it's ruled in MESA Air's favor in July.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.