NorthLumberJack

NBEV: Watch for break out or bottom trendline.

NASDAQ:NBEV   NEW AGE BEVERAGES CORPORATION
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NBEV Oversold, Just turning profitable Beverage Company with new partnership for more product placement.
http://thepatternsite.com/EWDiagTriangle...
Bulkowskis Ending Diagnal Triangle
Comment: Broke out, not sure how to trade it right now.
Comment: Its up for debate if it broke out or not, daily candles tell a differnt story...
Could use someone elses TA
Comment: If we chart using 1 day candles instead of 1 hour candles you will see that we are still in the the descending trianlge and not broken out yet.
Comment: Watch tommorrow for big red canlde, if so I will start entering.
Comment: Bottm trendline touch today.
They have a high risk of offerings as they stated in their 10Q that they plan on future acquisitions and expansion. They primarily fund through stock offerings.
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