BERY is yet to show right side symmetry recovery on price
I have tried to show my thought process with the green bars pattern
This symmetry is assumed due to the double bottom along the dominant white trend line
Bullish on Weekly timeframe
Bery bought 300mm during recent dips. Looking to buyback more later in the year from the conference call. Selling puts for now.
"Additionally, we increased our cash return to shareholders, as we repurchase $300 million of shares or 4% of our outstanding total shares in the quarter. As we stated on our last call, we are committed to repurchasing at least $350...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $58.05
Target Price: $57.45
Stop Loss: $59.15
We could see a major +60% Decline coming out of this one in the near future; It's been quite the run up but it's new target is now presumably back to the level of C which takes us back down to around $25
* Excellent earnings quarter over quarter
* Strong up trend in the long term
* Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector
* Breaking out of a ~8 month base with higher than average volume
* Base depth is ~21.5% hence the max probable ROI for this trade would be ~21.5% if the trade goes in our favor
* Recently broke above its...
A 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.
Berry global has been trading around $61.71 for few weeks. That price level is the ATHs that was set back in 2018. Stock been basing at that level very well and looks set to resume up to new ATHs.
Berry Global Group Inc (BERY)- MAKES PLASTIC CONSUMER PACKAGING & ENGINEERED MATERIALS FOR THE FOOD, BEVERAGE AND HEALTHCARE INDUSTRIES.
BERY sitting at the 200 ema with RSI bottoming out on hedge funds unloading common shares during last week's volatility. Have been long since then with ATM put credit spreads.
BERY confirmed the "Cup and Handle" pattern at $50, now the volume is quite good for further growth.
- Price is being supported on the MA200 (uptrend).
BERY buy : $51 +-0.5
BERY target : 70 +-2
Stop loss : 8%
Wish you good deals!
Has broken ascending triangle. Upper trendline of Ascending Triangle can be support. My A Triangle upper trendline is crooked/sorry..lol
Earnings over/7-30/beat eps/missed on revenue. Up anyway
Hard R at 58.9ish and at old high of 61.71
If she breaks old high, the pattern reads a target could be at 75
NV high. Looks like due for a pull back to me but I do not...
Hey traders, BERRY GLOBAL GROUP INC is in a bullish dynamic, strong volume of sales traded this last session. Doji with buyers' refusal, very likely to go in the direction of 50.99 and 51.19 in 15 minutes which corresponds to the last precedent above, see a little above the 15 minute and that if the sellers raise the price.
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BERY had a good recent earnings report and price gap up right on the primary support trendline. Simple analysis.
LONG - BERY
SL: 43.50 (Suggested by me)
TP: 54.00 (Suggested by me)
NOTE: I anticipate the price will breakthrough the nearest resistance trend-line.
Please trade responsibly and good luck!
