FIZZ After falling 70% from the ATH the structure looks similar to the one in 2008 and maintained the upward trend on LOG scale.
FIZZ trade ideas
FIZZLooking to long FIZZ on break to hourly trendline. Stoploss as per your comfort. My stoploss is 52wk low because I can manage my risk by strategically cutting down loss position size or strategically adding to my profit positions.
FIZZ - UPDATENOT TOO GOOD ON THIS ONE..SHOWING BEARISH DIVERGENCE ON MAC D ON DAILY CURRENTLY AS WELL.
Buy - NATIONAL BEVERAGE CORP (FIZZ) - FIZZLooking for a gap close on this stock in the coming months up at $66.
$FIZZ 52-WEEKS LOWS 38.28 bounced to 45.55 LONG BULLISH$FIZZ National Beverage Corp. Strong bounce with good volume from 52-weeks lows at 38.28 good indicators , strong resistance at 50 after close above it we can see targets at 72-74 and 65 previous gap . new support at 42 should be respected . these shares fell hardly from area of 120 before market drop end of last year !! Need to check fundamental data but looks fine for bullish setup under condition to close above 50 with good volume for 3 days then it will be perfectoo
FIZZ breakoutFizz SP is breaking out of 1yr downtrend after hitting Fib time series. Watch for the close, would like to see more vol for confirmation.
Heavily shorted stock, expect to see a lot of covering soon; as fundamentals do not justify the dramatic decrease.
Positive Divergence in MACDFIZZ has been one of the most hated stocks over the last 12 months losing ≈70% market cap.
The float is over 53% shorted currently @ a ratio of 11.52
We can see that there is + divergence from march 2019 till now.
I do not expects FIZZ to stay at its current valuation for much longer considering that the PE is 37% below industry and 55% below the company's 5 year AVG
The company has no debt and the revs, profit and EPS are not consistent with the valuation especially so far below industry due to a lawsuit that has not had a material impact on income statement except court costs.
DCF margin of safety stands at 42% w/ a reverse DCF growth rate of 9.58%
FIZZ is priced perfectly for a buyout and I'm sure PEP and KO are watching, but would they be willing to pay the premium up to fair value is the question.
FIZZ - Triple Mac D divergence on weekly time frame.Stable on historical support. Looking for a break out soon from downward channel been in since 2018
FIZZ: It tanked at double top and now at double bottomThis can bounce hard...earning is next week. I am taking my chances on calls.
FIZZ in the newsCNN has an article on how sales are slipping.
Caught my attention so I ran a quick price projection against it.
The next 9 days is looking for a price between $39.60 - $38.62
Fizz - Long but not entering just yetFizz is trading between Fib levels very nicely. There seems to a fair bit of bullish sentiment on Fizz and I am willing to bite but not yet. Waiting for a break of the current downtrend or for the price to move a bit closer to the 0.786 fib.
FIZZ LONG - RSI OVERSOLD AND BOUNCE ON 200MA (WEEKLY)National Beverage Corp (FIZZ) are oversold at the moment and are looking to bounce on 200ma. Parabolic SAR has moved below price. Great opportunity to get in at a good price ;-)
FIZZ (led) OutWhats up traders,
Couldn't think of anything to punny / funny for my title. but most of the explanation is on the chart.
I see this as 100% pure shorting alpha when the timing is right.
Have a look. . . let me know your thoughts.
FIZZ - ShortShorted here for weekend swing.
Met all of my criteria:
WT turned red, rejected off 100MA, and momentum is getting weaker.
Targeting 50% fib level.
Inverse H&S **ON WATCH**breaking through heavy resistance, intermediate PT: 143; watching for high vol breakout
Update (1): $FIZZ mid-term bullishWell I gave up on watching this yesterday :) . Lucky me.
In my experience this kind of shenanigan (long lower wick on weekly), and the lower end of the wick sit on the red pressure pivot) generally are bullish, but I personally just hate shenanigans and will just hold my 2019 calls. I wont add anymore.
I will still update if I find something worth sharing on this.
