Double Tops have formed above the dominant trend line in green on FIZZ A pullback is possible but should still hodl above the green trend line Monthly timeframe which contributes to the ability of the up trend being maintained
Interesting bullish structure developing on FIZZ as prices posted local short term new high, it would be interesting to go long at the third touch of the up trend line, since static support confluences with fibonacci level and 200SMA would act as a dynamic support.
Lots of volatility to come for this stock. High short interest stock with no signs of any buying. I expect this to run down even more. Watch for 10%+ decline in coming days to weeks.
Major structure here: Long Feb 19 $75 puts
Price point is at high Risk/Reward status. Too expensive? NASDAQ:FIZZ
First post here. FIZZ keeps catching my eye, so I notice today it's broken some bearish symmetry resistance. I'm not even an Elliott wave novice, but it looks like 5 waves down and breaking the downtrend lines. The dowsing I do suggests a trend reversal in the works. Symmetry resistance coming up at 45.28. Wouldn't be surprised at a slight retrace around there....
Target #1: $84.50 Target #2 : $129.00
Looking to long FIZZ on break to hourly trendline. Stoploss as per your comfort. My stoploss is 52wk low because I can manage my risk by strategically cutting down loss position size or strategically adding to my profit positions.
CNN has an article on how sales are slipping. Caught my attention so I ran a quick price projection against it. The next 9 days is looking for a price between $39.60 - $38.62
Fizz is trading between Fib levels very nicely. There seems to a fair bit of bullish sentiment on Fizz and I am willing to bite but not yet. Waiting for a break of the current downtrend or for the price to move a bit closer to the 0.786 fib.
National Beverage Corp (FIZZ) are oversold at the moment and are looking to bounce on 200ma. Parabolic SAR has moved below price. Great opportunity to get in at a good price ;-)
Whats up traders, Couldn't think of anything to punny / funny for my title. but most of the explanation is on the chart. I see this as 100% pure shorting alpha when the timing is right. Have a look. . . let me know your thoughts.
$FIZZ broke through the 200d ema on strong volume yesterday followed by what appears to be a successful retest today. See upside to 100 in the near term if 200d holds as support. If it can go on to break through the downtrend line, we'll see $110 easily before next ER.