***** FEVERTREE SHORT ON RESISTANCE I personally feel they will suffer with lockdowns, bars restaurants etc not going to order their products for a while. They had a big rally recently. I am afraid of a gap fill being extra bullish so nice easy trade here tight stop loss with big gain potential to go back to range
Short at 1700
SL at 1750
Target 1 1622
Target 2 1512
Target 3 1415
Target 4 1372
Time frame for trade 15-30 day cant move my SL or touch the trade for at least 5 days!!! Discipline let the trade do its thing!
FEVR trade ideas
Another Bullish Day For Fevertree DrinksLast post: June 21st. See chart .
Review: Price was making new all-time highs.
Update: Price is continuing to look bullish.
Conclusion: We can look for long opportunities following the next daily breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Fevertree Drinks Continuing Its AscentLast post: March 12th. See chart .
Review: Price was trading comfortably above the resistance level and the £30.00 round number.
Update: Price has continued higher making higher highs and higher lows.
Conclusion: We can look for long opportunities as price is bullish on the bigger timeframes.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Fever Tree break outFevr broke out of consolidation to create a new high. I expect another pull back look for it to re-test the 100% fib and hopefully hold 3194. A break below this, could see it push down to the 10MA and ultimately the 78.6% fib which was a key resitance area during March and the first few weeks of May. A hold at 3194 will then target 3542
Fevertree Drinks Still ClimbingLast post: May 27th. See chart .
Review: Price had broken out above the resistance level and the £30.00 round number.
Update: Price still remains above those strong areas of resistance and continues to look strong.
Conclusion: We need to see a nice neat pullback followed by a breakout on the daily timeframe to consider trading opportunities.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Fevertree Drinks Makes a ComebackLast post: April 3rd. See chart .
Review: Price was using the 50 simple moving average as support.
Update: The 50 simple moving average held strong and price has since gone on to make new all-time highs.
Conclusion: We will be waiting for the next breakout to look for trading opportunities. This is a strong looking stock that has trended well in the past
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Fever Tree at SupportFever Tree Drinks is still in an overall uptrend on the monthly and weekly timeframes.
On the daily chart price is above both the 50 and 200 simple moving averages.
As we know the 50 sma is normally used as support in an uptrend and that seems to be the case with this stock.
At the moment price is reacting to the 50 sma and has bounced off that area.
If the buyers can keep up momentum then we may see some further strength to the upside.
The next thing we need to look for is a break above the previous resistance level.
Waiting for breakouts is ideal in most situations because it confirms movement in the direction of the breakout.
If we do have a breakout in price then we can look to open positions in this stock but as for now it is best to stand aside
and wait for price to make the first move.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Fever-Tree Drinks proving to be SOLID yet again!Fever-Tree Drinks LSE:FEVR performed well for me last year.
This is a fairly new stock, only floating on the UK stock market in December 2014.
Despite this, the stock has outperformed others which have a long track record.
After the strong move up over the past couple of years, price went into consolidation and
used the daily 200 moving average as support.
Finding strength recently, price has now managed to break through the resistance levels of the consolidation zones.
This is a stock that is back on my watchlist as this breakout could signify the start of another strong bull trend.
Any comments or questions, do not hesitate to leave them below.
Sublime Trading