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Noodles & CompanyNN

Noodles & Company

1.18USDR
0.000.00%
At close at Mar 27, 20:05 GMT
USD
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NDLS trade ideas

Long Entry on NDLS BreakoutNDLS is setting up in a textbook breakout pattern. After climbing 323% off from the COVID lows, Noodles began forming a large consolidation base. Profit taking resulted in an acceptable 26% retracement, followed by successively shallower dips that ended in a tight 6% range. The small-cap restaurant chain saw earnings turn positive last quarter and sales increased by a robust 57%. The company is worth just $599 million as of October. Not to mention, shares traded above $50 after the IPO. So, there is plenty of upside left on this one. I'm looking to buy a move above $13.35 with a stop at $12.55.
NLong
by rossgivens
Support, Triangle and Candlestick PatternIf you like Classic Technical Analysis this is a good example who combine several things you need to learn and identify in real time and then act consequently with the price. The first thing is the Big Support beaten several times and accompanied with a lot of bottom tails, then you need to go to the now where you can observe a triangle and in the triangle you can look a candles combination (A red Hammer in company of Big bull green Candle) But now you need to wait for the pullback because this green candle is breaking the triangle. This is from a weekly point of view and remember that you need to go to the daily chart and follow the action. Wait for the pullback be patient the objective is buy at a lower price than the today price, Today 5.00 I prefer Buy at 4.60 or less but sometimes the pullback is not to deep and the price make a rally and you do not enter because you kept waiting for something that never happened this is a big dilemma buy now or wait. This dilemma is because my tips are discretionary based in price action and the decision of entry is based in the behavior of the price and not because a indicator say buy or sell. Other important aspect here is: Resistance line close to 6.00 and here is where it comes into play that my stock picks are for a long term Investors and he need to do the other part of the job that is make the Fundamental Analysis set a stop loss and decide how much of the capital you are willing to put into play Remember all my picks are for building diversify portfolios (Industry Diversification) And to finish this company is a restaurant and is categorized in the services sector and maybe do not look too sophisticated for some people but remember Don't judge a book by its cover. This is about making money and not about Investment in popular names only because you wanna seem sophisticated. Fundamental homework here: investor.noodles.com www.nasdaq.com seekingalpha.com www.zacks.com
NLong
by Alex_Quiroga
1
$NDLS: someone is nibbling at this stock, is this you?Hi guys, never had a chance to sink my teeth in their noodles but I started to nibble at the stock . I know, it's been slugged and hammered... However last year BZH 1.74% was at $6... then it beat the heck of all the other home builders right after until this day. CCJ 4.89% ( Cameco 4.89% ) was heading to penny stock land recently, it almost doubled in a few weeks. All that to say that some stock will bounce back after basing. I have been following $NDLS for the last few weeks and it seems clear to me based on the daily action that the all-mighty "they" are shaking traders a bit here and there, then loading up. It's for entertaining purposes only but if you plan to give this one a shot, make sure the stock jumps a few extra hoops for you as it's coming from the bottom so you (and I) must be "demanding." The safest spot would be in the "X" area as it is above the POC 5.71% and outside the triangle. If you want to buy a couple of shares to test the waters, the bottom of the small triangle can be used to put a stop. It's been a while since the stock dipped there so the chances of being whipsawed are lower. Though it does not seem like that on the chart, this small bugger did have a few 7% plus move recently so a tight stop might get you stopped pretty quickly. Let's see how goes the battle.
NLong
by edumas2