Dutch Bros (BROS): Profit-Taking

The bull rally on Wednesday carried Dutch Bros (BROS) through my next profit-taking target with a sell that filled at $43.49. The sale only reduced my per-share cost -1.19% from $37.70 to $37.25, but served the more important purpose of locking in an astronomical +89.33% gain selling half the shares I bought for $22.97 less than three months ago on May 12.

From here, my next sell target is $61.85, just under a past point of resistance, and my next buy target is $25.35, right at a key Fibonacci Retracement level and above a past point of brief support on BROS’ run up from its $20.05 all-time low.

BROS closed the week at $44.15, up +1.52% from where I took profits on Wednesday.

Roblox (RBLX): Profit-Taking

Roblox (RBLX) continued last week’s rally through Monday and into Tuesday this week, triggering my next sell order on Tuesday morning at $46.90, right before the stock touched its 150-Day Moving Average and retreated.

It might seem strange that I took profits when the sale only lowered my per-share cost -0.11% from $46.10 to $46.05, however, the key discipline at play here was taking profits on some of the shares I bought at $26.23 back on May 9 – locking in a whopping +78.80% gain in less than three months!

By freeing up that capital, I am able to raise my next buy target to $25.65, above a key point of support on RBLX’s way up from its $21.65 bottom earlier this year. My next sell target is much higher from here at $73.05, below a point of resistance from its last rally earlier in 2022.

RBLX closed the week at $49.24, up +4.99% from where I took profits on Tuesday.