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Chefs' Warehouse: Wait Until A New Trend Is Confirmed

May 02, 2022 4:12 PM ETThe Chefs' Warehouse, Inc. (CHEF)1 Comment
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  • Company beats top and bottom line estimates in Q1.
  • Shares however have not managed to punch above upper resistance thus far.
  • Downside risks (detailed below) may explain why the market is not letting CHEF shares trade higher.
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If we look at a technical chart of The Chefs' Warehouse, Inc. (NASDAQ:CHEF), we can see shares are potentially undergoing an ascending triangle which invariably is a bullish pattern irrespective of where they


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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (1)

ArminBrack profile picture
Raised revenue and profit estimates on 6/22/2022.finance.yahoo.com/... Trying to breakout once more on 6/24/2022.
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