BERRY GLOBAL Stock Chart Fibonacci Analysis 050123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 58.5/61.80%
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About Berry Global Group, Inc
Sector
Producer Manufacturing
Industry
Miscellaneous Manufacturing
CEO
Thomas Edward Salmon
Website
berryglobal.com
Headquarters
Evansville
Employees
46K
Founded
1967
ISIN
US08579W1036
Berry Global Group, Inc. engages in the provision of innovative rigid, flexible, and non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of rigid products that primarily service non-North American markets. The Consumer Packaging North America segment includes rigid products that primarily service North American markets. The Engineered Materials segment manufactures flexible products that service primarily North American and European markets. The Health, Hygiene and Specialties segment refers to non-woven and related products that service global markets. The company was founded in 1967 and is headquartered in Evansville, IN.
BERY - Right SideBERY is yet to show right side symmetry recovery on price
I have tried to show my thought process with the green bars pattern
This symmetry is assumed due to the double bottom along the dominant white trend line
Bullish on Weekly timeframe
Buybacks later this yearBery bought 300mm during recent dips. Looking to buyback more later in the year from the conference call. Selling puts for now.
"Additionally, we increased our cash return to shareholders, as we repurchase $300 million of shares or 4% of our outstanding total shares in the quarter. As we stated on
29/3/2022 NYSE (BERY)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $58.05
Target Price: $57.45
Stop Loss: $59.15
$BERY at AB=CD PCZ with Triple MACD Bearish DivergenceWe could see a major +60% Decline coming out of this one in the near future; It's been quite the run up but it's new target is now presumably back to the level of C which takes us back down to around $25
$BERY breaking out of its ~8 month base!* Excellent earnings quarter over quarter
* Strong up trend in the long term
* Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector
* Breaking out of a ~8 month base with higher than average volume
* Base depth is ~21.5% hence the max probable ROI for this trade would b
BERY 4h wolfe wave bearish forming A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
$BERY Descending Broadening Wedge (with entry conditions) Wait for the entry conditions on chart. Watch it or place an alert .
Trade small if you are a beginner .
Trading isn't gambling .
Good luck ,
$BERY Breakout to AHTsBerry global has been trading around $61.71 for few weeks. That price level is the ATHs that was set back in 2018. Stock been basing at that level very well and looks set to resume up to new ATHs.
Berry Global Group Inc (BERY)- MAKES PLASTIC CONSUMER PACKAGING & ENGINEERED MATERIALS FOR THE FOOD,
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
