UTZ trade ideas
US Stock In Play: $UTZ$UTZ one of the few names in my WL that could hold its 50MA. base with inverse head and shoulder pattern.
decent fundamentals but key for me now is price action of name that could hold a market sell down.
UTZ 30m Wolfe Wave BullishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
UTZ 1D Wolfe Wave BullishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
UTZ play before the type 2 reaction. and long swing. UTZ this has a Harmonic with Bullish Divergence on Daily. 2d 3d. the 4hr has a potential break out of the Down sloping wedge. with a potential Double bottom and and a Rising 3 method with volume to match. easy 3to 1 RR if you play it to the 17.75 area and set stop under bullish engulfing candle 15.65 candle. then take profit and wait for the potential Type 2 reaction our continue to Moon.
US Stock In Play: $UTZ (Utz Brands Inc)$UTZ broke out of its Ascending Triangle chart pattern with no attempts of shaking out its short term position traders in its price action, rallying +13.77% to its all time high of $30.09. $UTZ closed the recent trading session with a -3.79% day loss, marking its first volatile session in the month of May.
At the current junction, $UTZ remains trading above all its major moving averages with confirmation that its next quarterly earnings report will be published on Thursday, May 13th, 2021. The immediate minor support to watch for $UTZ is at $28.
$UTZ manufacturers, markets, and distributes snacking products in the United States. It offers a range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, and TORTIYAHS brands.
Share this:
UTZ All time highNYSE:UTZ
That's a truck load of bases; I like to buy my stocks on the 1st up to the 3rd base, anything above the 3rd base I consider it as more risky.
But I can't ignore the fact that the 50EMA is holding the price very well.
A buy at current levels with a stop at $24 can still offer a reasonable risk:reward.
UTZ Breaking Out & Retesting ATHsA close of a 4H candle above ATHs will trigger a long towards $25. Very bullish on the company overall.
UTZ: Potential Long Term HOLD EntryUTZ is looking to acquire snack brands in the snack areas that they lack representation in order to take control of market share. Any pull back to recent ATH's will trigger a long term buy for me as UTZ is looking to scale up to the size of competitors such as PepsiCO.
(Google Search)
1. Utz Brands to acquire Truco Enterprises (On the Border Tortilla Chips)
2. Utz buys filled pretzel brand H.K. Anderson from Conagra
