$BROS gap fill resistanceGap from the selloff has been filled. Long-term, no idea what'll happen, but this is a good take-profit level for those who caught the bottom at $20. "Coincidentally" this is also where those people are up 100%.
BROS trade ideas
Bros Since breakdown of large rising channel we have seen bros rally back up. We could see this contiue to retest the 45-49 area range. Seems to be flagging out with key reistance so far found at 38.70. Look for break of that. Also support holding strong at 36$
Jim Cramer: The Best Worst Trader In The WorldJim Cramer is a bad trader. He is so consistently bad, that he is actually one of the best traders in the entire world. Inversing his calls is constantly profitable, so always make sure to set alerts for when he tweets out stock picks to inverse, and watch all his Mad Money videos. (You can watch on 3-5X speed, he talks real slow. All you need is the picks.)
Don't let it slip past that what he does SHOULD be criminal. He is a crook, stealing from his biggest supporters and using their liqudity to make profit. But that's the market: The bad guys always win. Don't like it? Leave.
BROS, A descending Anti cycle may develop !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:
Sell point : 48.95 which has already past
Stop loss : 57.1
Long term target : Below 20
Good luck everybody.
Jimmy's Latest Stock Pick!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 are better off buying puts maybe 2-3 months out, a good bit in the money, because these will have much less volatility crush if the market starts being less volatile here. Currently volatiltiy is overpriced so you must consider these things when buying puts. Maybe you wait for it to go cheaper, if you want. That is, wait for VIX lower than 20. That's considered cheap volatility.
Bros 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 channel breakdown previous support. If this hits in the 51.20a and shows a rejection after a day or on a following 4 hour candle after reaching, this could be a kiss of death . Signaling a huge short postion. If we clear 52s and hold this previous support again and control it for a few days, then it could be a fake breakdown. For now I’d target some short postions with stops above. Going a few months out on a short is the best way to get the most ammount of money as things take a few days sometimes weeks to fully play out
Dutch Bros - BROS - making higher lowsBROS is making higher lows to signal an uptrend. Add this one to your watch list. This is a Starbucks competitor.
$BROS Breaking out - added to starterBROS full position long now with stop just below black line .
Breakout Trading
Cheers
BROS moving back to all time highs?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 appreciate any feedback.
looking for clear break past local resistance here 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
$bros Massive BULL RUN - INCOMINGBeen 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!
possible breakoutstocks early to the market are tough to get a read on, but this could be a breakout that brings it back to ATH
Dutch Bros... stoned too? BROSGoals 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 to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
(US) Dutch Bros Double BottomDutch 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 go!
Disclaimer:
Not buy call recommendation. Just my sharing in technical analysis through chart pattern and trend. Trade at your own risk. Can refer back my previous US stock related article in below link.
Dutch Bros - BROS - What's next?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!
US Stock In Play: $BROS$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
$BROS retaking the 30 Week MAThis 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, not investing / trading advice.
Double bottom 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.
$BROS Hammering A bottom Base$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.
BROSBearish 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
BROS could be forming H&SJust 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.
BROSBeen seeing this name mentioned lately. I have it testing VWAP from the IPO date as well as the 0.618 retracement of the initial dip. No position here now but watching to see how it reacts to this level.
$BROS shortbearish outlook on $BROS, looking for it to test 50 then breakdown, test up and size heavier on way down, im in as of right now short
