NYSE:BROS   Dutch Bros Inc.
This is something to watch carefully. As bros could be setting a double bottom, it also lost long term support of a rising channel. We looking to be getting some momentum building , so first area to watch is the flat resistance of49.20s. This would setup as a bear flag ranging from 49.20-47.15 howverr in my veiw I’d like to see this pop back to retest the rising channel breakdown previous support. If this hits in the 51.20a and shows a rejection after a day or on a following 4 hour candle after reaching, this could be a kiss of death . Signaling a huge short postion. If we clear 52s and hold this previous support again and control it for a few days, then it could be a fake breakdown. For now I’d target some short postions with stops above. Going a few months out on a short is the best way to get the most ammount of money as things take a few days sometimes weeks to fully play out


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