DFRG seems forming a cup and handle pattern. We think it has very good chance to continue upward from here.
* Trade Criteria * Date First Found- April 4, 2018 Pattern/Why- Fallen angel formatio, Cup & Handle formation Entry Criteria- Pullback to $15.43 or break above $16.53 Exit Criteria- N/A Stop Loss Criteria- $14.93 (updated April 12, 2018) Indicator Notes- Twiggs moneyflow accumulation Special Note- Good levels of buying and recent buying in March at $16 by CEO.
Please check back for Trade updates. (Note: Trade update is little delayed here.)