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Are Fevertree Drinks shares rediscovering their fizz?

The first five months of 2023 went well for the tonics and mixers firm, but its shares have become volatile. Independent analyst Alistair Strang has the prices to watch for.

30th August 2023 07:39

by Alistair Strang from Trends and Targets

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    We’re quite curious as to why Fevertree Drinks (LSE:FEVR)' share price is oscillating above and below the Red uptrend since 2015, the movements obviously provoking some confusion.

    However, now above just 1,350p should prove capable (hopefully) of triggering price recovery to an initial 1,580p with secondary, if exceeded, calculating at 1,838p along with almost certain hesitation.

    Visually, there’s a fly in the ointment due to considerable care being taken to restrain the price just below the 1,500p level.

    If things intend to lose their sparkle, below 1,142p looks a bit dangerous, capable of promoting reversal down to 1,052p with secondary, if broken, at 911p, ideally a level which shall provide a rebound.

    fevr290823.jpg

    Source: Trends and Targets. Past performance is not a guide to future performance.

    Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.

    Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea. 

    These articles are provided for information purposes only.  Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties.  The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

    Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.

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