Yeah... so they added this stock to the GME/Meme basket yesterday...
I checked and apparently it's another stock that has EARNINGS tomorrow!! What a surprise... adding a weak earnings stock to a meme basket only for earnings so that when earnings comes out and BROS hits the gutter, so do all other basket stocks.
TLDR: Get Puts 11-25 days out. Easiest money you ever made.
$BROS is a small growth company we have been following at the Key Hidden Levels chatroom for a while. The trade here has well defined risk and potential reward as well as decent odds (around 65% odds of working).
We have some event risk with FOMC between the 31st and 1st of February next week, so be mindful of that, might pay off to hedge with futures before it if...
One of the longer-term plays I am watching. IPO'd back in 2021, they don't have much in the way of current earnings, but analyst estimates are expecting big growth over the next couple of years.
Starting to inch its way up the right side of a possible stage 1 base on good volume. Don't need to rush into buying this one - need to let it show me that it is in...
BROS is offering a low risk short setup !
We previously discussed BROS in terms of Elliott waves and made a nice profit form latest major down going wave (See related idea ) . Here we are going to investigate the stock in terms of Price Action.
After major decline and gap down after disappointing earning , BROS made a nice pull back to broken strong support...
blockasset is moving inside an ascending wedge where at the end of it it will most likely try to exit the wedge by a breakout, which in my vision is going to be upwards.
for now im out of the market, will take decision in a month moreless
Dutch Bros - BROS - What's Next? Will they compete with Starbucks? Dutch Bros would have to have a price of $2,257 to match the current market cap of Starbucks. Will price continue to 25% target level level? Will it pullback first? What is the best way to play it? Edutainment Purposes Only!
$BROS is now looking interesting to me with its volatility contraction since Nov'21. +17.6% over the last 2 days but this may just be the beginning as it just broke above its DTL.
$55.50 would trigger a base breakout. $50.80 to nimble some test position above 50MA
Bearish Head & Shoulders Pattern set up on BROS Notes on chart what to look for and how to possibly play the pattern .Sometimes these patterns will fail to break down if that happens i would look to get long above that green line as described on the chart
Today's close of BROS daily candle was all time high! and closed green! but I'm sorry to say it looks weak with that upper long wick, it squeezed up to $74.20 in the morning and then sold off all day to a closing at $68.98. The stock is very far extended off the 9 EMA. The volume is declining, buying looks like it's exhausting. Strong support is in the low...
We're going to start day 6 of BROS soon. It's gone up over 100% in the time and I suspect most are expecting a dump.
It's got "Meme" value as WallStreetBets starts to get traction on the stock.
The actual stops motion has been a step ladder up. Forming supports as it goes up.
Here are all the supports I have identified as we go into day 6.
As a day trader....