$SG
Added 2025-05-20 11:48:35 +0000 UTCI will continue to watch $SG in the background as the price drops through the Fib support levels and moving into a very oversold position.
RSI on the weekly chart is now below 30 and price is testing the 0.78 fib at $14
We know that when a pull back drops below the 0.618 Fib then there is a lot of weakness but it can also offer an opportunity.
No analyst on Wall St has a PT below $20 here, so a test of the next lower Fib at $10 would be something we could not ignore.
You would be buying $SG with that anticipation they can turn this around, it may involve changes to management, their menu, their offerings and/or expansion.....Management need to start working hard.
Comments
thanks for doing, I think this isn't a heavy lift to turn around. High end consumer is doing fine in the US and part of the drop is that upfront infinite kitchen cost is increasing because of tariffs (or maybe not with the China deal). In the end the ai automation will increase margins. The LA fires also hurt same store sales #s which was a one time event.
JD
2025-05-20 13:06:10 +0000 UTC
