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BATH & BODY WORKS INC COM USD0.5BATH & BODY WORKS INC COM USD0.5BATH & BODY WORKS INC COM USD0.5

BATH & BODY WORKS INC COM USD0.5

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BBWI Buy Setup - Strong Support, Risk/Reward 1/16Ticker: NYSE:BBWI (Bath & Body Works) Long Entry: Near current strong historical support level Target: Last high (considered as take profit point) Stop-Loss: Just below current support Risk-Reward Ratio: ~1:16 Analysis: NYSE:BBWI has reached a strong historical support level and recently formed a local higher high, signaling a potential reversal to the upside. Additionally, volume has spiked, suggesting that recent panic selling may have seen shares shift from amateurs to professionals, who tend to buy at strong support levels. Owning alongside professional buyers can be advantageous, as it often reflects more strategic positioning. The current setup provides a solid risk-to-reward ratio of about 1:16 up to the last high, which can be considered a key take-profit point. While this high serves as a primary target, I plan to manage my position flexibly, potentially closing portions earlier or holding some for further upside if the trend remains favorable. Strategy: Entry: Buy near current support level Stop-Loss: Set just below support Target: Last high as primary take-profit level; partial closes based on trend continuation Key Points: Volume spike at support suggests strong buying interest, possibly from professional buyers Local higher high supports a potential uptrend Risk management is crucial, with a close stop to limit downside and a favorable target ahead Conclusion: With strong support, higher volume, and potential professional buying, NYSE:BBWI offers a compelling long opportunity with a favorable 1:16 risk-reward ratio up to the last high. This setup allows for both targeted and flexible profit-taking as the trend develops. Note: I’m already in this position—I entered 7 weeks ago at the bullish engulfing pattern around the $29.21 level. I meant to share the idea back then, but the current market conditions are still quite similar, reinforcing my confidence in this setup. Disclaimer: This is not financial advice. All information is for educational and informational purposes only. Trading and investing involve risk, and it’s essential to do your own research or consult a licensed financial advisor before making any financial decisions.
NYSE:BBWILong
by PattRec
BBWI (DOUBLE TOP)Looking at BBWI’s daily chart, I’m observing what looks like a classic double-top pattern. Here’s a breakdown of the pattern and what it might suggest about the current market sentiment and potential price action: Two Distinct Peaks: BBWI has created two peaks near the $30 - $30.50 range, which has acted as a strong resistance zone. The price attempted to push through this level twice (mid-October and more recently) but failed both times, indicating significant selling pressure at that area. The fact that price couldn’t break this level on two separate attempts suggests a weakening of bullish momentum. Neckline at $28.77: Between these two peaks, the price pulled back to form a low at approximately $28.77. This level now acts as a neckline, representing a key support area. This neckline level is significant because, in a double top formation, a break below this support is what confirms the pattern. If BBWI moves below $28.77, it would indicate a shift from buyers to sellers, suggesting that the trend might reverse to the downside. Potential Implications if the Neckline Breaks: Bearish Signal: If the price breaks and holds below $28.77, it would confirm the double top and signal a bearish reversal. The breakdown would suggest that buyers are losing control and that sellers are likely to drive the price lower. Measured Move Target: In technical analysis, a common approach is to measure the height of the double top pattern (from the peaks at $30.50 to the neckline at $28.77) and project it downward from the neckline to estimate a potential target. This distance is approximately $1.73, which would suggest a target around $27.00 if the neckline breaks. Support Zones Below: If the breakdown occurs, the next significant support level appears around $26.13, the old low. This level has acted as a strong support in the past so it could be a potential stopping point for a bearish move. Additional support may also be found at around $27.50, a psychologically significant level at which buyers might step in. Technical Indicators: MACD: Currently, the MACD is in a downward trend, reinforcing a bearish bias. This indicates that bearish momentum may be building, adding weight to the idea that a neckline breakdown could lead to further downside. Volume: Volume has been relatively light on recent upward moves and stronger on declines, which suggests a lack of conviction on the bullish side. Increasing volume on a move below the neckline would strengthen the bearish outlook.
NYSE:BBWIShort
by carrolltatejr87
BBWI: aiming for its 38.2% retracement?Channel Formation: The stock has been trading within a declining channel, characterised by lower highs and lower lows. This can typically indicate a bearish trend, but it's essential to note any potential breakout or breakdown from this channel. Fibonacci Retracements: The stock's price seems to be interacting with the 23.6% retracement level, which can serve as a potential resistance or support point. Target and Stop Levels: The technical analysis suggests a bullish outlook with a target set at 35.00 (implying a potential gain of +7.4%). Conversely, the recommended stop-loss is at 31.00 (risking a -5.2% decline). This establishes a favourable win/loss ratio of 1.5:1. Increase Exposure Point: The analyst proposes increasing exposure around the 34.00 price mark, possibly due to expected resistance or previous price behaviour at this level. Mean Reversion Possibility: The label "Mean reversion?" suggests whether the stock may revert completely to its mean or average price after a prolonged decline.
NYSE:BBWILong
by Peet_Serfontein
Bath & Body Works (BBWI) - Frequency Formula Strategy - LongStrategy Overview: The Frequency Formula Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the Frequency Formula Net Buy/Net Sell Volume Indicator (FF-NBNS). Together, they identify optimal entry and exit points based on changes in market trends, volumes, and sentiments. Why Now Is a Good Time to Enter The FF-CI and FF-TI suggest that the current market chop and previous bearish trend are transitioning into a solid upward trend. Simultaneously, the FF-UVI-CR indicates increased buying volume and positive sentiment, suggesting strong support for the upward price movement. What to Look for When Exiting Keep an eye on our FF-VMI-CR and FF-NBNS Indicators. When the FF-VMI-CR indicator positive volume (blue) and negative volume (red) signals converge or "squeeze", this indicates a significant increase in net selling volume and might indicate a potential trend reversal; also, watch the FF-NBNS indicator's net-selling value (red) to increase and close at any value greater than zero, at this point you should exit the position. Remember to always manage your risk, and don't invest more than you can afford to lose. Happy trading!
NYSE:BBWILong
by H3l10s
3
Bath & Body Works Pulls Back After Strong EarningsBath & Body Works rallied after strong quarterly results and now it’s pulled back. The first pattern on today’s chart is the high-volume bullish gap on May 18 after earnings, revenue and guidance surprised to the upside. The retailer pulled back a week after the event, followed by a sharp rally. It peaked around $43 before revisiting $39. The current location represents a 50 percent retracement of the bigger move, which could lure dip buyers. Second, BBWI's price area is near the May 23 high and slightly above the 200-day simple moving average (SMA). Will support form in this zone? Next, yesterday featured a bullish hammer candlestick pattern. Finally, the pullback is near the rising 21-day exponential moving average (EMA). MACD is also trending higher. Both of those may suggest that direction is headed upward. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:BBWI
by TradeStation
Watchlist 2023-02-23 #TDOC #BBWI #HD #TGNA #NVDA #BABA SPY - as I mentioned the prior day, the selling did not stop. SPY rejected the 400.30 level twice yesterday and ended the day with the final flush down to 397. Gapping up this morning on light vol, if we can hold the 400.30 level , we could see a grind higher to 402, and maybe 404. Expect multi rejects off those levels as we haven't made a significant short-term daily bottom by any means. Short Watches: TDOC - EPS miss, while fiscal 2023 revenue estimate misses consensus. Below the 200 EMA, falling 9/21 EMA. Below 28.38 pivot. Roo, to 25.81 (be aware of the high vol node at 27). Down 0.70 ATRs on 1.5 RVOL. Decent setup in this bearish environment, no pivots to hold this up immediately off the open BBWI - slides premarket after earnings beat is offset by soft guidance. Down a.5 ATRs, RVOL of 2.5 (both great). Gapping below the 39.60 key pivot into a new range. Clear signs of rejection higher with a suto- H&S, and reversal green bar, below the 200 EMA and downward trending 9.21 EMA. A+ setup with room to 35. Needs a particularly strong day as ATR is 1.7 HD - continuation from 2 days ago strong selling. Forming an daily 3 bar play. 295 key level to break for downside momo. Long Watches: NVDA - Bullish fakeout below 207 to flush out early longs and add shorts. key level 232.85.Needs to hold this level for a long. Other watches: BABA - reported lackluster growth for Q4 earnings. VERY key level is the 200EMA coinciding with the 1000 price level. A failure or reclaim of this level could bode for a position in either direction - keep on watchlist. TGN, PANW I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts. Yellow = Support Purple = Resistance Red = short opportunity Green= long opportunity
NYSE:BBWIShort
by UnclePennybagss