BROS- End of Wave 3 ?BROS - Enjoyed the wave 3 - It is consolidated now .
It will follow wave 4 soon.
BROS trade ideas
10/28/2021 / is BROS going to low 60s?Today's close of BROS daily candle was all time high! and closed green! but I'm sorry to say it looks weak with that upper long wick, it squeezed up to $74.20 in the morning and then sold off all day to a closing at $68.98. The stock is very far extended off the 9 EMA. The volume is declining, buying looks like it's exhausting. Strong support is in the low $60-$61 range, but it will first have to break below $67 to really show us if it's bearish. On the 15 min, you can see it hit the trend line 3 times and broke above the upper trend line, then came back below it, and closed just inside of the lower trend line by today's close. Oddly after hours it closed outside the lower trend line (my trendlines may not be 100% so idk). It's just an analysis, not financial advise, let's see what it does.
10/24/21 BROSDutch Bros Inc. ( NYSE:BROS )
Sector: Consumer Non-Durables (Specialty/Candy)
Current Price: $68.86
Breakout price trigger: $62.00 (hold above)
Buy Zone (Top/Bottom Range): $66.40-$59.60
Price Target: $73.00-$75.00
Estimated Duration to Target: 4-5d (1st), 17-19d (2nd)
Contract of Interest: $BROS 11/19/21 70c, $BROS 11/19/21 85c
Trade price as of publish date: $6.00/cnt, $2.05/cnt
$BROS: over $SBUX?Since Dutch Bros went public it's built a nice range and as political risks mount on Starbucks' China growth, it could provide an opportunity to hedge potential risk to the discretionary sector as a whole. Over time I believe BROS has the opportunity to outperform and could be a hedge fund darling if positive COVID news from Merck continues..
BROS- IPO base break outBROS - Its a new IPO one formed the perfect base.
Broke out the symmetric tringle .
It may touch 55.
$BROS Lowest Volume Since IPO Day$BROS seems to be a Fintwit darling.
Its sting at support. The one thing that caught my attention the most is that Friday volume was the lowest volume since IPO day
This normally leads to volatility expansion (the calm before the storm if you will).
BROS - TA on an IPO?We're going to start day 6 of BROS soon. It's gone up over 100% in the time and I suspect most are expecting a dump.
It's got "Meme" value as WallStreetBets starts to get traction on the stock.
The actual stops motion has been a step ladder up. Forming supports as it goes up.
Here are all the supports I have identified as we go into day 6.
As a day trader. I am looking for long positions still. Even if my un-bias wants to predict a slow bleed, that won't get me money fast. I need to make sure I'm catching the huge swings to get my pay check.
