$UTZ one of the few names in my WL that could hold its 50MA. base with inverse head and shoulder pattern. decent fundamentals but key for me now is price action of name that could hold a market sell down.
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.
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.
UTZ this has a Harmonic with Bullish Divergence on Daily. 2d 3d. the 4hr has a potential break out of the Down sloping wedge. with a potential Double bottom and and a Rising 3 method with volume to match. easy 3to 1 RR if you play it to the 17.75 area and set stop under bullish engulfing candle 15.65 candle. then take profit and wait for the potential Type 2...
$UTZ broke out of its Ascending Triangle chart pattern with no attempts of shaking out its short term position traders in its price action, rallying +13.77% to its all time high of $30.09. $UTZ closed the recent trading session with a -3.79% day loss, marking its first volatile session in the month of May. At the current junction, $UTZ remains trading above all...
NYSE:UTZ That's a truck load of bases; I like to buy my stocks on the 1st up to the 3rd base, anything above the 3rd base I consider it as more risky. But I can't ignore the fact that the 50EMA is holding the price very well. A buy at current levels with a stop at $24 can still offer a reasonable risk:reward.
A close of a 4H candle above ATHs will trigger a long towards $25. Very bullish on the company overall.
UTZ is looking to acquire snack brands in the snack areas that they lack representation in order to take control of market share. Any pull back to recent ATH's will trigger a long term buy for me as UTZ is looking to scale up to the size of competitors such as PepsiCO. (Google Search) 1. Utz Brands to acquire Truco Enterprises (On the Border Tortilla Chips) 2....