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
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.
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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.
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.Â
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