BERY Inverse H & SBERY Setting up nicely, neckline break with volume confirmation would give a clear buy signal with intermediate trend reversal.
0HN1 trade ideas
Salmon berries (0)This looks like a strong stock and i think it has potential on the markets next leg up. I think we have a nice consolidation pattern that BERY can move up from
Timing = 0 ( The market could have made its deepest low ( 24 december ) and now be on the way up for awhile)
Volume = -1 ( The volume is weak on this recent counterbounce )
Group strength = -1 (consumer defensive looks weak )
Entry = 1 ( I like this entry because i expect a second drop in the market)
Fractal = 1 (fractals have support at 40$ )
Correction Time?Overvalued, RSI through the roof. Boillinger band broken as well.. Seems like its about to go down.
What you guys think?
Not a financial advisor. I do have a crystall ball tho.. :)
BERY waiting for entry on swing tradeHi people,
Here is where I would get long on BERY. This trend line has not been broken in several months, I am expecting a bounce of this line again. If you want to hold this longer term that would also be acceptable. You could take an entry with a smaller position size, and then if it does indeed bounce of line, add to the position as it goes in the money. If we break this trend line, I would consider shorting this and riding it down the fib ladder. Thanks for watching,
Matt
P.S. We are almost oversold on daily RSI; by the time it hits our entry we should be well off into oversold territory.
I actually worked at Berry Plastics today!I am a contractor and we do emergency repair work occasionally at Berry Global. I figured it was a good idea to do some TA on their stock! This long term trend line has not been broken since it was formed. People are willing to buy this up and add to positions on this trend line. I believe we will see some nice, steady growth as long as this trend holds. Pay attention in a few months that we don't start forming an ascending wedge. We need to break out past current all time highs or we may form that ascending wedge. Thanks for looking at this chart, best of trades everyone!
BERY longCloses the week at all time highs (above 59). 19 weeks tight. Pocket pivot through 50 SMA on 02/10/2017.
$BERY - Berry Global - Technical updateI originally entered Berry back on 03/08/17, however, I set it as a private chart by accident so unable to change it now.
From a technical standpoint price is clearly at resistance which has held strong since May this year. We need a break of this level to see a move towards $60 then a longer term target of $64-65. In the short term if price fails to break this level we will see another move down to support at $55-56.
I am still long $bery and my PT is 65
BERY - Possible H&S formation short from $48 to $42.88BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation.
We think it can decline down to $43 area.
* Trade Criteria *
Date first found- March 21, 2017
Pattern/Why- Possible head & shoulder formation
Entry Target Criteria- $48
Exit Target Criteria- Target 1 45.13 Target 2 42.88
Stop Loss Criteria- $51.03
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$BERY- Need some anti-oxydant$? Hello World,
Interesting little chart here. Been in this one a few times in the last few months.
It will be interesting to see if we will see a repeat of the range or not in the coming weeks.
The value of the range from top to bottom is about $3.50 occurring very quickly. If you nail it a few times with calls or even with stocks it can be very rewarding.
Will take a shot tomorrow as long as it does not jump right at the open.
Breakout Buy on BERYLook for good volume coming into BERY and buy breakout at $36.14
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This Berry is usually a stinker just before turning. As the chart demonstrates, BERY often has a nice divergence before turning bullish. I will be watching candles here to see if we are presented with another bullish opportunity.
