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Petfood

BTTR, a penny stock selling pet food LONGBTTR is up almost 30% since acquiring a Canadian company on Feb 9th. The news catalyst illustrates a momentum in growth. On the chart, since an excellent report in November, price ascended into a double top in late November and mid December then fell until the news catalyst on Friday the 9th. Another report is soon coming. I see BTTR as a volatile penny stock is now set up for a long trade. I have marked in horizontal black some targets from looking to the left. Equally weighing all three targets, the profit potential is 25% in the near term while the last target is about 35%. BTTR is poised below the mean VWAP line and appears ready to continue its VWAP breakout from 2/9 moving upward while crossing the first lower anchored VWAP line. I expect the price to ultimately aim for the second upper VWAP line and hit my last target just below that line representing the base of the double top last winter. my last target
AMEX:BTTRLong
by AwesomeAvani
WOOF dropped after an earnings beat now setup REVERSALOPRA on the 30-minute chart dropped after an earnings beat as apparently a lot of traders expected better. The volume profile shows the vast majority of the trading occurred in the 5.05 to 5.25 range. This heavy accumulation should result in price movement in due time per Wycoff. I believe that a long trade is setup for a Fibonacci retracement of the drop into the middle levels and so 5.85 as shown by the indicator on the chart. The mass index indicator reached the reversal zone and then triggered with a drop below it confirming a probable reversal. The MACD is showing bullish divergence. I will place a buy stop order above the POC line of the volume profile with a stop loss at 12.0 just below the POC line is a safe 10-13% trade which may take into the beginning of next week. I will take call option contracts as well. If you want to know the details of those, please leave a comment.
NASDAQ:WOOFLong
by AwesomeAvani
4
BTTR- a volatile pre-earnings high flying penny stock LONGBTTR has been slowly gathering steam since last week. Today the buying momentum went into high gear with a big jump. This is a penny stock about as volatile as it gets with its backstop far below current market price. With earnings in two days BTTR could easily run another 30% turn around and fall. The price action and the MACD speak for themselves. I will take a small position about 3% of my account with a stop loss of 10% given the volatility. I will advance the stop loss but give room to account for the volatility. I would like to make about 20-25% on this trade over 2-3 days and will have TV alerts to let me know when the tide is about to go out. One alert will be the fade on the Price Momentum Oscillator while the other price crossing down on the faster HMA.
AMEX:BTTRLong
by AwesomeAvani
Looking good for $CHWYThis is a play I actually entered into about a week ago pre-earnings. Price jumped after having their first profitable quarter and their financials look great. Prices pulled back as expected because the market is f'd up like that and these past few days have presented a second-round buying opportunity. It went from overpriced at $120 with a fair value of $80-$90 down to that range and should return to the mean $90-$100 range soon. Also looking for a cross on the hourly macd which historically has been a good indicator for CHWY. The 4hr macd does not look as hot so do keep that in mind, however with less price history on a stock I tend to find it not as powerful. Entry: $78.66 TP: $97-130 May enter into a long-term position after getting to these levels because this is a great company and as long as Amazon doesn't go to full out war with them should be profitable every quarter within the next year.
NYSE:CHWYLong
by bishopknight