BURG : how to make a plan

 In Trades

05/08/2019 News: announcement of a partnership with BYND. You can start reading traders the news which is reported below but you will understand after having track this news for a certain period of time that whenever a company is putting out a press release on partnership or collaboration has only one main goal: gap, attract new investors and eventually unload shares.

Technical Analysis:

Daily downtrend with a series of gaps and extensions that failed all the way down each time they were popping. This has only one meaning: pro traders won’t look to buy this stock but instead, they will be looking to short. Remember the story repeats.

Price action:

Lately, when looking at price action in the first 30mins we will see a push out of the gate, new investors, chasers, chat pumps, all momentum will vanish on a blowup (if this may occur) at peak resistance/whole $ numbers/pivots. In this case like often during the last months, we had after the first 5minutes an inversion of the trend and heavy selling all day. Warrants around 3.50 and 2.80$ as well

 

“CHARLOTTE, N.C., May 08, 2019 (GLOBE NEWSWIRE) — Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced that it has partnered with Beyond Meat® (NASDAQ:BYND) to offer its guests at its multiple better burger brands and Just Fresh locations a 100 percent plant-based Beyond Burger® patty.

Participating brands include Little Big Burger, American Burger Company, Burgers Grilled Right and Just Fresh comprising 50 plus individual store locations. Each brand will be designing and testing its own unique burger build using fresh local ingredients. The Beyond Burger patty is free from GMOs, gluten and soy and has lower saturated fat than regular beef, but still delivers flame-broiled flavor and 20g of plant-based protein.

Fred Glick, Chanticleer Holdings President stated, “With roughly one-third of consumers identifying as flexitarians, we’re thrilled to partner with Beyond Meat to provide a plant-based alternative to our current menu offerings. We also understand that consumers are more conscious than ever about making responsible food choices that are not only healthy, but that also take sustainability and ethical considerations into account.” 

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