planetshhh

Powerful cup and handle move incoming?

לונג
NASDAQ:PLAY   Dave & Buster's Entertainment, Inc.
Currently making its way back up to test the top of the cup at $20 resistance. Also trading within an ascending channel (see link to related idea below). Reminds me a little of AMD, which consolidated in range for several months before breaking out with a powerful move to the upside. While PLAY is certainly facing more headwinds than tech, I see no reason why a break of $20 couldn't happen in the next several trading sessions, prompting a move to test June's former high of $24.80ish. Also remember that vaccine news, which could come at any moment (Trump wants this bad as his "October surprise"), could propel this even higher!

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