FIZZ trade ideas
Short squeeze mini series #27Tips:
*** SPX'S Index is in a peak/correction mood!!!
***This could turn out to be, not a short
squeeze!! rather a crashing stock !!!
***Or my work could be just wrong !!!
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What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
$FIZZ bottom channel with diverganceFIZZ is within an ascending channel and just bumped of the support line with Hidden Bullish Divergence about to cross over to green. Risk would be back toward the bottom of the channel and there are several resistances on the way up so I will take profits there likely. Not financial advice.
ABC BullishNo rising wedges noted
My site must be wrong because it says short is over 80%??
Possible T2 102 to 111.5
R overhead so maybe plot your course (o:
Not a continuous long term uptrend
NV is high..I do not get the high short on this..if you know please comment.
Not a recommendation
Price is over long entry level with R from old highs etc hanging in the clouds above
All time high is 126.92
$FIZZ National Beverage Corp Trade setupNational Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix Cúrate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta. The company was founded by Nick A. Caporella in 1985 and is headquartered in Fort Lauderdale, FL.
$FIZZ -- Perfect H&S on the monthly logLets face it, $FIZZ is a pos company and it always will be. How they aren't a penny stock by now baffles the mind. Well luckily the monthly log is showing what looks to be an almost picture perfect H&S.. which will likely take this pos down to its well deserved pennystock status
FIZZ back to buoyant?First post here. FIZZ keeps catching my eye, so I notice today it's broken some bearish symmetry resistance. I'm not even an Elliott wave novice, but it looks like 5 waves down and breaking the downtrend lines.
The dowsing I do suggests a trend reversal in the works.
Symmetry resistance coming up at 45.28. Wouldn't be surprised at a slight retrace around there.
At the moment (2/14 1:30) symmetry support is at $43.91 and $43.44 and that would be a good entry zone if it holds. Stop out if it's going to close the day below $43.
Hold time is ~5.5 weeks with target of $51.33