Last post: June 21st. See chart.
Review: Price was making new all-time highs.
Update: Price is continuing to look bullish.
Conclusion: We can look for long opportunities following the next daily breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Last post: March 12th. See chart.
Review: Price was trading comfortably above the resistance level and the £30.00 round number.
Update: Price has continued higher making higher highs and higher lows.
Conclusion: We can look for long opportunities as price is bullish on the bigger timeframes.
Any comments or questions, do not hesitate to leave them below....
Fevr broke out of consolidation to create a new high. I expect another pull back look for it to re-test the 100% fib and hopefully hold 3194. A break below this, could see it push down to the 10MA and ultimately the 78.6% fib which was a key resitance area during March and the first few weeks of May. A hold at 3194 will then target 3542
Last post: May 27th. See chart.
Review: Price had broken out above the resistance level and the £30.00 round number.
Update: Price still remains above those strong areas of resistance and continues to look strong.
Conclusion: We need to see a nice neat pullback followed by a breakout on the daily timeframe to consider trading opportunities.
Any comments or...
Last post: April 3rd. See chart.
Review: Price was using the 50 simple moving average as support.
Update: The 50 simple moving average held strong and price has since gone on to make new all-time highs.
Conclusion: We will be waiting for the next breakout to look for trading opportunities. This is a strong looking stock that has trended well in the past
Fever Tree Drinks is still in an overall uptrend on the monthly and weekly timeframes.
On the daily chart price is above both the 50 and 200 simple moving averages.
As we know the 50 sma is normally used as support in an uptrend and that seems to be the case with this stock.
At the moment price is reacting to the 50 sma and has bounced off that area.
Fever-Tree Drinks LSE:FEVR performed well for me last year.
This is a fairly new stock, only floating on the UK stock market in December 2014.
Despite this, the stock has outperformed others which have a long track record.
After the strong move up over the past couple of years, price went into consolidation and
used the daily 200 moving average as...
The Gin brand are pulling back to highs after a recent fall.
The company is taking the mixing business by storm at the moment and is getting stocked in hotels and restaurants worldwide.
I am looking at a long term move back to the highs.