Grocery Outlet Holding Corp

GO remains in a Stage 2 advancing uptrend with clear higher highs and rising EMAs, but price is extended and extreme overbought. Exhaustion signals at resistance and minimal pullbacks argue for deferring entry until a shallow retracement into the 9/21 EMA (or 50-DMA) support zone for more favorable risk–reward.

• ↑Q1 EPS $0.05 vs $0.0235 est (+112.8% surprise) and revenue $1.17B (+3.6% YoY)
• ↑Comparable-store sales down 1%—better than expected range
• ↓Q1 net loss $180.3M from restructuring and goodwill impairment charges