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Quick BRBR Trade with Aug 23 Exit

Written By: ChartChamp

August 14, 2024

BRBR is trading within this bull flag between the two red trendlines. The price has already rebounded and flipped the white trendline into a support level. I prefer a lower entry, but this upcoming week there is a bullish seasonality trend with a 100% bullish rate and 8.8% average gains. This is a quick trade to the upper end of the bull flag with an exit by August 23.

Entry price: $53.25 – $53.50

Exit price: red trendline around $60.60 or exit by Aug 23

Stop loss: $52

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