NEW AGE BEVERAGES CORPORATION NASDAQ:​NBEV

Practice prediction... Purple lines showing trend direction in general. Dotted green lines show major channel being broken around 7FEB19, Begins to form right shoulder The two dotted white lines represents sell area (may go a little higher but were not greedy right?) Sell at $7.29 Look for $5.50-$6.00 entry afterwards?

Looks like lovely NBEV has hit a reversal point, expressed in the yellow circle. The pinkish line represents the safety net. Trend reversal if it drops below 6.10 area.

While the rest of the market was getting pounded, NBEV is bucking the trend. There must be demand for this stock as they introduced weekly option dates which makes it a much better options trading vehicle. Initial target of 7.50 would be an area to look to sell covered calls or fade into strength or a pullback towards 6.0 looking to sell puts. Final target...

chart work says trend change at 6.00 area

Entry: $6.42 Stop loss: any daily close above $6.58 Target: $4.70

also of note is upper band is more plus with time .. lower band is bounce point also of note I'm day trading this

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closed my position at 7.25 today at 6.53 fer 10k loss no reason for this sector to sell of but profit taking guessing the lower red line will provide support area

Very intresting where price vill go!

Been looking at this ascending triangle formation for a while. Not a pro at charting but looks about right?

NBEV is consolidating sideways on the daily right now and will either break out to test recent daily highs, or break the equilibrium bearish to test recent daily supports. Here's what I'm watching.

see other chart 4 notes

Use 50d as acting support. 8.89 PT.

forcast

see hourly chart

Much of the market consolidated or took a downturn today, but with their new line of (Bob) Marly + CBD infused drinks I think we still have a long term winner. If your more of a daily trader you might just move your Stop Loss to the new support level and keep marching along unless we see more bearish signals.

Nice swing upwards, looks like an ascending triangle. Chanelling up in the meso levels and just touched the daily OB. Tough resistance ahead, if there's good volume income could break upwards. I would short scalp the resistance OR long the retest after breakout.

So we all know about the big and little tea cup forming on nbev...looking for a breakout this week again on 6.90 and after is long before 8 bucks. If it breaks 8 pscych...then its a fast run to 9 dollars. Yest there are resistances on the way to 9 but the main pain is getting out of that tea cup