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lukelehepuu
Aug 14, 2016 7:59 PM

BERY SHORT Short

Berry Global Group, Inc.NYSE

Description

Description of Chart:
Price has been moving up quite significantly for the last few years. Over the last 6 months we have seen it rally quite a lot and I feel this might be the opportunity to take a small sell position. Price on the weekly chart is hitting the top end of the bollinger band which I feel should provide some resistance around this area. The daily chart that we are currently looking at is also showing price hitting the top 2 STD Deviation band which again will prove to be some resistance. I have take a very small position due to the possibility of it rallying more.

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