Jack Daniels has never done this...Brown Forman (the company that owns Jack Daniels) has NEVER hit the 200 SMA on the monthly.
Liquor has just completed a 50%+ pull back .
If Trump gets elected, tariffs will increase causing international markets to take a bit of a nose dive, but this company looks ROCK solid fundamentally.
St
$BF.B earnings play All my technicals are pointing upside….the sell off at close is for the earning tomorrow BEFORE open. If earning are good i expect this keep moving back $70. I want to see if i cant get an entry around $39. If the earnings and future guidance are blah or less than spectacular i could see a return to
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BFB - Brown-FormanCAPITALCOM:BFB
Idea is simple:
Long position from the current price ($71.1) (you can w8 to close higher than 71)
Stop - $70.3 (-1% risk)
Profit - 3 takes:
1st take $73 (2.8% upside)
2nd take $77 (8.3% upside)
3rd take $82 (14.7% upside)
Profit/Risk - from 2.8 to 14.7
You can split position to 3 pa
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