Pattern: Falling Wedge Breakout
Current Price: \$3.199
Target Price: \$4.50
Target % Gain: 90.24%
Technical Analysis: CAKE has broken out of a long-term falling wedge on the daily chart, supported by strong bullish candles and increased volume. Price has cleanly closed above trendline resistance, indicating potential continuation toward \$4.50.
Time Frame: 1D
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.