NewAge, Inc. is a company that develops, markets, sells, and distributes healthy products in the United States, Japan, China, and internationally. The company operates in two segments: Direct Sales and Direct Store. Provides health, personal care, nutraceutical, and diagnostic products.
NBEV is a smallcap that could come from a significant setback since March and...
Potential day trade targets for the next leg up in the stock.
Alerts et for entry above $4.75
Short term targets $5.50 & $6.50 where we get Fibonacci and candle resistance.
Value stock on early stage uptrend possibly mispriced with significant growth potential with cannabis legalization and e-commerce tailwinds.
SOURCE : seekingalpha.com
The goal for this swing play is for the price to float out of its weekly wedge and bounce off of the trend low (of the previous uptrend) and make a move up to test the trend high (of the previous downtrend). The play will only work if the price can float through trend, if not then the move down will continue and the price will be squeezed by the wedge. The...
The next move is up before earnings ! Lets load up on these current levels !
This is not financial advice , please consider your own Due Diligence and Risk Management.
NBEV makes a break above the 200 & 100ma's in premarket setting
up the potential for a rally today.
Monthly / weekly and daily charts bullish .
Indicators reversing
Momentum swing
$4.22- $4.42 a nice target range
Weekly Wedge breakout + revisit
Entry 2.7
no Stop
target: 7;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Price has held support going into the close on Friday. Price should retest the previous high of 3.22 and push higher towards 3.50 in the near term.
Stop loss: 2.70
1st PT: 3.22
2nd PT: 3.45
On what has been a very volatile week for the market NBEV has managed to break
the long term downtrend, although not on particularly great volume.
Alert set for move above daily resistance @ $2.34
Targets $2.45 & $2.60
Potential major breakout imminent in NBEV.
Major downtrend touched but rejected Friday.
RSI in strong uptrend
MACD and Histogram bullish.
Alert set for break above $2.32
NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products. It offers a portfolio of healthy products with its brands across platforms, such as health & wellness, inner & outer beauty, and nutrition & weight management. Its partner companies include ARIIX, Noni, LIMU, and ZENNOA. The company was founded by Neil Fallon on April 26, 2010 and is headquartered in Denver, CO.
NASDAQ
