EmpireConsulting

***** FEVERTREE SHORT ON RESISTANCE

Short
LSE:FEVR   FEVERTREE DRINKS PLC ORD GBP0.0025
I personally feel they will suffer with lockdowns, bars restaurants etc not going to order their products for a while. They had a big rally recently. I am afraid of a gap fill being extra bullish so nice easy trade here tight stop loss with big gain potential to go back to range

Short at 1700
SL at 1750
Target 1 1622
Target 2 1512
Target 3 1415
Target 4 1372

Time frame for trade 15-30 day cant move my SL or touch the trade for at least 5 days!!! Discipline let the trade do its thing!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.