Why I'm long on PLAY
Stock ATH is $73 from summer 2017, pre pandemic was trading around 45-50. Previous support during the 70s days was 65 or 60, depends how you chart. Since dropping to 4.51 or whatever in March 20, only in the first months did it have an issue stagnating (between 12-24, I assume a lot of people sold there) around resistance. Since then, it has demolished every level of resistance, with $42 being the most recent so we'll probably see $50 soon.
Beat earnings in 2020, revenue was up while operating income was down.
The biggest caveat is....Dave and Busters Storrs are barely open. How are they making money? No clue rn. I have 50 shares spread across platforms from $16 to $38, with most around $28 in my M1. PLAY is a long for me. PT of $65-70 by EOY. Also, the MA 50/200 have the golden cross abt a week ago. AND its shorted to shyt with 6.11 days to cover last month.
Just my 2 cents entertainment so on...