FIZZ
Dark Pool Buy Zones in Bottom FormationsIt may be difficult to be optimistic about the future at this time, but it's the BEST time to be on the lookout for Dark Pool Buy Zones in bottom formations.
When it's all doom and gloom is when the largest buy-side institutions are accumulating bargain-priced stocks, acquiring their huge lots of shares as the last of the small-lot sellers capitulate.
Therefore, divergences are important to think about for identifying where the Dark Pools are accumulating. For example, FIZZ was still moving down when the Accumulation/Distribution indicator started rising. This is a very likely Dark Pool buy zone.
Entry requires confirmation that the bottom is likely to complete soon, but this early divergence pattern gives both traders and investors lead time on a good entry at some point down the road.
I'm teaching more about how to identify Dark Pool Buy Zones TODAY at the MetaStock Traders Conference. It's a FREE event with many other trainers. I'll be on at 3 pm ET. Hope to see you there!
FIZZ back to buoyant?First post here. FIZZ keeps catching my eye, so I notice today it's broken some bearish symmetry resistance. I'm not even an Elliott wave novice, but it looks like 5 waves down and breaking the downtrend lines.
The dowsing I do suggests a trend reversal in the works.
Symmetry resistance coming up at 45.28. Wouldn't be surprised at a slight retrace around there.
At the moment (2/14 1:30) symmetry support is at $43.91 and $43.44 and that would be a good entry zone if it holds. Stop out if it's going to close the day below $43.
Hold time is ~5.5 weeks with target of $51.33
$FIZZ 200d Breakout / 50d Trending Upward$FIZZ broke through the 200d ema on strong volume yesterday followed by what appears to be a successful retest today.
See upside to 100 in the near term if 200d holds as support. If it can go on to break through the downtrend line, we'll see $110 easily before next ER.