Looks like the MACD is showing some major potential for selling pressure. I believe it will drop way back down to the my theorietical buy order and make a pretty significant bounce.
Interesting that Ragingbull suggested this as a good pick for July in their sales webinar. Whoops.
I am curious to see how this giant flag plays out. I've had plenty of chances to break even and get out. That's no fun! I just want some of that short squeeze. Probably happen pre-market before 8am cst/ 9am est. Then settle to in the red. $NBEV cause that's what it does.
NBEV formed a high 2 bull flag last week which has triggered this week. Although the signal bar is a small inside bull doji, and the past 8 or so weeks have been in a tight trading range. Prices are also in the middle of a large developing trading range, making the probability 50/50. This decreases the probability of a strong breakout without a pullback first. ...
NBEV, just crossed over is 9,20 and 50 day moving averages in a rounding pattern out of resistance. Looking for potential up to $5.9 for 11% increase before it reaches a new layer of resistance. This may pop up to that point within 3 days since its a low float stock and moves quickly.
In order to break the trend and go upwards we need to see increasing trade volumes, as long as volumes will remain low, the heights will also be lower than previous ones and trend will remain downwaded.
If that white support line holds then we should soon see a move to higher prices in time. However if it does not hold then we can start talking about a double bottom around $3.50. we shall see what next week brings.
Hello Successful Traders,
The stock (NBEV) manifests the presence of a trend continuation, as there are numerous variables (S/R, Catalyst, PR) attempting to validate the opportunity. Considering that the equity has regressed toward the down side (bearish) in the past, there are still alternative perspective to acknowledge prior to market entry.
Resistance Level...
In my opinion, NBEV short run downward trend will move further if price 4.72 be broken, then we could reach the next PT 4.13. If this scenario won't happen then
we could see short run uptrend to PT 5.99. Either-way nowadays total NBEV trend is downwarded from February 2019.
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NBEV
