BellRing Brands manufactures and sells ready-to-drink protein shakes, powders and nutrition bars.
Last Monady or even Tuesday were good days to initiate a position but still there is a great opportunity to buy at the pivot above $38.
Its only the second base after it confirmed the uptrend.
The only bad thing is that
ELF
is the industry's leader and is already at its fifth base.
This can signal that the industry is in its final stages of its uptrend.
Leaders breakout to the upside before everybode else, but normally they also break down first.
If the breakout happens with good volume I'll buy half position.
Last Monady or even Tuesday were good days to initiate a position but still there is a great opportunity to buy at the pivot above $38.
Its only the second base after it confirmed the uptrend.
The only bad thing is that
ELF
is the industry's leader and is already at its fifth base. This can signal that the industry is in its final stages of its uptrend.
Leaders breakout to the upside before everybode else, but normally they also break down first.
If the breakout happens with good volume I'll buy half position.
Trade active:
Bought the breakout, now waiting for follow through
Comment:
Stop at breakeven
Trade closed: target reached