Where's my Cheesecake?Cheesecake Factory IncorporatedBATS:CAKEColmexProCheesecake Factory, Inc. (in English: CAKE) is a well-known American restaurant chain, specializing in a wide range of main dishes, desserts, and gourmet foods, with the company’s name particularly associated with its famous cheesecakes (Wikipedia). The company operates mainly in the United States and owns a network of independent locations and locations inside shopping centers, which allows it to leverage the brand’s reputation and maintain a relatively steady revenue stream in the competitive culinary industry. CAKE stock has risen more than 20% this year, standing out especially in light of stagnation in the broader indices, and indicates interest from investors. The company’s stock recently encountered a resistance line around the $70 level, which represents pressure on sellers and causes a struggle around this price level. Moreover, over 20% of the shares in circulation are short, with a 7-day exit date, which increases the potential for high volatility if a trend change occurs. Technically, the stock is trading above the 200-day simple moving average, with the 50-day exponential moving average positioned above it, indicating a long-term positive trend, but there is convergence around the resistance line that requires monitoring. A break above the $70 level could allow the stock to enter another wave of gains, while a failure to break the line could lead to a slight correction or stagnation around current support levels. The main question now is whether CAKE will manage to break the resistance line or if this is a temporary pause before further stagnation, and the coming days are expected to be decisive. Days will tell... Important notice: Colmex Pro Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 123/10. Trading in financial instruments (including stocks) and/or using leverage carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.