BY LICIA LESLIE
November 17, 2023
Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.
Have a stock YOU want us to review? Email my team here. – Mark
Hey Traders,
After having a really nice rally last spring, Toast (Ticker: TOST) has completely fallen out of bed trading down $10 since July:
Currently the stock is struggling to rally off this recent new low.
What is actually doing though is consolidating after the gap down created by the earnings announcement on November 7th.
I think the next stop for TOST is $12.
The top of the consolidation is the resistance at $15 and a good stop loss if you decide to go short.
Trade Accordingly,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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