BBXIA: BBX Capital inc. together with its subsidiaries, engages in the acquisition, development, construction, ownership, financing, and management of real estate and investments primarily in Florida. The company operates through BBX Capital Real Estate, BBX Sweet Holdings, and Renin segments. It also invests in real estate joint ventures, including multifamily rental apartment communities, single-family master-planned for-sale housing communities, and commercial properties. In addition, the company is involved in the manufacture and wholesale of chocolate and other confectionery products; and retail of gourmet chocolate, bulk candy, candy in giant packaging, and licensed and novelty items. Further, it supplies and distributes sliding doors, door systems and hardwares, home décor products, barn and closet doors, and stair parts. The company is headquartered in Fort Lauderdale, Florida.
BBX
$BBX looking FKN BULLISH!So sure it's just dumped 10% but hear me out
Look at the RSI! This has been a long crazy consolidation - it's approaching an energy point and strong support and it's gotta girate to pump up teh RSI (similar to BBs here) so that it can move up without too much rtesistance - this is a PA-driven rise, not FA, becuse no results for a while.
But it is definitely ovesold (assuming it's not a fraud)
This is exactly what we need to see - down the elevator, up the stairs and boom out of that little bullflag there.! As long as it bounces.
NYSE: BBXBBX is facing a lot of resistance at $9.12. There's a lot of buying interests at this level. The volume is increasing however the CMF has yet to turn up positive. If we can manage to break the $9.12 resistance with conviction, we should be able to see BBX return to the All Time High at about $10.96.
We can see that the prices have fallen below the Standard (brown) line but the TK has yet to cross. A fall below the support level at $8.10 will invalidate this view.
Buy on BreakoutMake sure to pay attention to the Volume as well when you consider buying. There is no reversal Candle in sight so far and the preview Earning showed strong increase to the stock. It's a potential long buy too.