BERRY GLOBAL Stock Chart Fibonacci Analysis 050123Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 58.5/61.80%
0HN1 trade ideas
BERY - Right SideBERY is yet to show right side symmetry recovery on price
I have tried to show my thought process with the green bars pattern
This symmetry is assumed due to the double bottom along the dominant white trend line
Bullish on Weekly timeframe
Buybacks later this yearBery bought 300mm during recent dips. Looking to buyback more later in the year from the conference call. Selling puts for now.
"Additionally, we increased our cash return to shareholders, as we repurchase $300 million of shares or 4% of our outstanding total shares in the quarter. As we stated on our last call, we are committed to repurchasing at least $350 million in fiscal 2022, and we have already achieved that threshold during the first two quarters.
Given our top priority of driving shareholder value, we were fortunate to be able to repurchase our shares and take advantage of the attractive return opportunity at prevailing prices. If current valuations persist, we would expect to continue to repurchase shares at a similar pace in the back half of the fiscal year. We have approximately $700 million remaining on our recent authorized $1 billion share repurchase program, with the majority of our cash flow generated in our fiscal second half."
29/3/2022 NYSE (BERY)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $58.05
Target Price: $57.45
Stop Loss: $59.15
$BERY at AB=CD PCZ with Triple MACD Bearish DivergenceWe could see a major +60% Decline coming out of this one in the near future; It's been quite the run up but it's new target is now presumably back to the level of C which takes us back down to around $25
$BERY breaking out of its ~8 month base!* Excellent earnings quarter over quarter
* Strong up trend in the long term
* Incredibly high 3-month relative strength of 20.49 in the Consumer Cyclical sector
* Breaking out of a ~8 month base with higher than average volume
* Base depth is ~21.5% hence the max probable ROI for this trade would be ~21.5% if the trade goes in our favor
* Recently broke above its all-time-highs indicated by the red line at $60.77 and retested it as support
Trade idea:
* The price is just breaking out of its base for the second time.
* Earnings coming up and can be expected to give a positive surprise.
NOTE:
* Given the current market conditions, it is suggested that we sit in cash.
* But, if you are willing to still jump in, now would be a great time as the price is just breaking out.
* If you are looking for a better entry, you can look for an entry around the $70.90 area.
* If you have access to volume profiles you can see that the $70.9 area did get quite a bit of volume.
* So, if this does break back below $72.95 we can expect the $70.9 area to hold as support while the general market corrects.
BERY 4h wolfe wave bearish forming A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
$BERY Descending Broadening Wedge (with entry conditions) Wait for the entry conditions on chart. Watch it or place an alert .
Trade small if you are a beginner .
Trading isn't gambling .
Good luck ,
$BERY Breakout to AHTsBerry global has been trading around $61.71 for few weeks. That price level is the ATHs that was set back in 2018. Stock been basing at that level very well and looks set to resume up to new ATHs.
Berry Global Group Inc (BERY)- MAKES PLASTIC CONSUMER PACKAGING & ENGINEERED MATERIALS FOR THE FOOD, BEVERAGE AND HEALTHCARE INDUSTRIES.
BERYBERY sitting at the 200 ema with RSI bottoming out on hedge funds unloading common shares during last week's volatility. Have been long since then with ATM put credit spreads.
BERY BUY OR LONG , TARGET UP TO $70BERY confirmed the "Cup and Handle" pattern at $50, now the volume is quite good for further growth.
- Price is being supported on the MA200 (uptrend).
BERY buy : $51 +-0.5
BERY target : 70 +-2
Stop loss : 8%
Wish you good deals!
V bottom Ascending TriangleHas broken ascending triangle. Upper trendline of Ascending Triangle can be support. My A Triangle upper trendline is crooked/sorry..lol
Earnings over/7-30/beat eps/missed on revenue. Up anyway
Hard R at 58.9ish and at old high of 61.71
If she breaks old high, the pattern reads a target could be at 75
NV high. Looks like due for a pull back to me but I do not deem to guess..lol. Seems some stocks hardly ever pull back as of late, while others can hardly get up nd go to work (o:
Not a recommendation
BIG Potential for BERRY GLOBAL GROUP INC DailyHey traders, BERRY GLOBAL GROUP INC is in a bullish dynamic, strong volume of sales traded this last session. Doji with buyers' refusal, very likely to go in the direction of 50.99 and 51.19 in 15 minutes which corresponds to the last precedent above, see a little above the 15 minute and that if the sellers raise the price.
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BERY - Changed Gear to UptrendBERY had a good recent earnings report and price gap up right on the primary support trendline. Simple analysis.
LONG - BERY
SL: 43.50 (Suggested by me)
TP: 54.00 (Suggested by me)
NOTE: I anticipate the price will breakthrough the nearest resistance trend-line.
Please trade responsibly and good luck!
Berry Global Group at Key Fibonacci Level BERY started off the year well, but took a very bad hit following missed revenues and continued US-China trade war actions. BERY operates in the materials sectors, in particular, plastics, and the sector has been very vulnerable to the trade war. After the recent gap-down, BERY is now finding support at its 61.8% Fibonacci retracement level. I would continue to monitor this today and Tuesday, to see whether it bounces back from here or continues its downward plunge.
BERY LongTrend and Momentum indicators support a higher move and continued momentum from the recent breakout
Berry Global $BERY working out of large bottoming pattern, callsVia OptionsHawk.com "speculative action buying 3,500 March $55 calls today $0.27 to $0.30, name working out of a large basing pattern targeting a move to $57-$60. BERY already has sizable open interest in March $47.5, $50, and $52.5 calls as well. BERY was reportedly considering a rival bid for RPC Group (RPM) over Apollo Global"
tradingview.go2cloud.org
BERY - Breakout from ascending triangle BERY breakout from ascending triangle.
~price action open and closed above resistance.
-20 EMA in close support of price
-20 EMA is above the 40 EMA which is above the 200 EMA. Bullish signal
-Parabolic SAR is bullish
-MACD just crossed-over into a bullish signal
-Force Indicator is bullish
-RSI is not overbought
