“When The Chart Hits Rock Bottom But The Chain Says Wait”
AI summary · FUN is in a persistent downtrend and its July rally failed; the post-earnings rise of about 6% has not proven a base, so the speaker is waiting rather than chasing. He would believe upside only above 1057; if rejected there and FUN returns to 654 support or lower, he would consider calls, with any breakout needing confirmation on a retracement.
I'm watching FUN. This is the ticker for Six Flags Corporation and Cedar Fair. Their recent merger has caused quite a stir in the theme park community.
Okay. Let me give you some context. I worked in the theme park industry for a few years. Okay. I was in a high-ranking position. So I know these things well, and their decision to merge was a big one. So I want to look into them a little.