Hello my friends. This is for informing you that a descending anti cycle may develop in BROS ! Lets keep talking about what is an anti cycle for an appropriate time. I may devote one of my "Educational Publications " to this very interesting topic. For now lets consider this is a real probability and we are trying to make profit from a short position: ...
Jim Cramer got paid to tell retail traders to buy Dutch Bros. It's an unprofitable company that bleeds money, and has an overpriced Profit/Sales ratio plus a market cap way too high for it's own good. Let's fade Jim Cramer, and trade along with the CEOs of the company who will dump the liquidity purchased from him! Buying puts at market open. On a side note, you...
This is something to watch carefully. As bros could be setting a double bottom, it also lost long term support of a rising channel. We looking to be getting some momentum building , so first area to watch is the flat resistance of49.20s. This would setup as a bear flag ranging from 49.20-47.15 howverr in my veiw I’d like to see this pop back to retest the rising...
BROS is making higher lows to signal an uptrend. Add this one to your watch list. This is a Starbucks competitor.
BROS full position long now with stop just below black line . Breakout Trading Cheers
BROS broke out of the triangle and finally closed above the key $60 resistance level after it's tried several times in the past without success. Also looks like it's breaking out of a cup and handle on good volume as well. Could wait for a retest of the $60 before entering. Target: $77 Stop Loss: $58 Good luck! *I'm super new at technical analysis and would...
BROS making higher lows and seeing abnormal volume lately, if it can break and hold above this local resistance longs will have all the control. in a bull rally I can see this hitting 71.73-88.65-105.35
Been a while since I placed a post. Been primarily playing the futures market along with a little wti #blackgold Dutch Brothers has had a massive shift and the spreads are absolutely massive. Im personally on the at the tune of 733 shares at a 41.00 cost basis. 113 is my point and i will be massively selling paper and calls at such time. Happy Trading!
stocks early to the market are tough to get a read on, but this could be a breakout that brings it back to ATH
Goals 41, 37, 32. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go...
Dutch bro, one of my favorite drink in the state! Double bottom setup observed. Strong demand (Volume) enter after second leg (also consider shake out region). Price breakout the middle W point on 1 Feb and formed a handle last week to retest the resistance as support. Solid candle formed on 4 Feb with decent volume as well. Let's see how far BROS can...
Dutch Bros - BROS - What's Next? Will they compete with Starbucks? Dutch Bros would have to have a price of $2,257 to match the current market cap of Starbucks. Will price continue to 25% target level level? Will it pullback first? What is the best way to play it? Edutainment Purposes Only!
$BROS is now looking interesting to me with its volatility contraction since Nov'21. +17.6% over the last 2 days but this may just be the beginning as it just broke above its DTL. $55.50 would trigger a base breakout. $50.80 to nimble some test position above 50MA
This is a daily chart on $BROS but if you look at the weekly it has regained the 30 week around $53.20 or so (it moves as the stock moves). Both the 10 and 20 EMAs are rising as is the RS Line. It is however still below the 50 DMA which might be a safer entry. But, I've taken an early entry this morning and I'll place a stop on a close below the 30 Week MA. Ideas,...
Double bottom has formed and support has found conviction with large volume at the 2nd retest of support line. Watch for price breakout on higher volume as a potential buy signal.
$BROS potentially hammering the bottom of its base. If this is an emerging 2022 star, there will be plenty of opportunities. On watch for now.
Bearish Head & Shoulders Pattern set up on BROS Notes on chart what to look for and how to possibly play the pattern .Sometimes these patterns will fail to break down if that happens i would look to get long above that green line as described on the chart
Just a hunch. The chart pattern in the next few days looks bearish. This could potentially complete the formation of the right shoulder. If it does goes down, OMG its going below the IPO price.