BBBY trade ideas
thought??has gaps to fill. solid red line is weekly support dotted red line is a break for the start of an uptrend.
$BBBY - Long if it breaks out of this wedge..**Not saying to long $BBBY!**
If this breaks out of this wedge I think it will sharply rise up as there is currently 32% short float.
There is also 32% short float - if this isn't a strong indicator than nothing is.
TA is also telling me bullish conditions when looking at indicators on the daily - weekly actually makes a very bearish/overbought case.
The mixed signals say to avoid, but will be fun to watch the bulls take on the bears here as both sides have logic behind there trade.
$BBBY ARE YOUR A GAMBLERThis stock has a history of volatility and violent moves on earnings reports. It has lately began to show signs off regaining some strength after activist investors rattled the cage. It may be worth a LONG gamble into earnings but with very tight stop loss.
Bullish Gap up on earningsPossible second gap up after earnings.
RSI crossing 70
MACD 'W Bottom'
Stochastics showing overbought
Recession is nearMore warning signs here. How can someone deny the extreme high probability of a recession with so many consumer cyclicals looking like this. We were due for a pullback in 2016 that we never got because tech kept soaring to the moon. But reckoning is very close. Many stocks will look like this soon.
This stock may or may not be a buy, im not about to start bottom feeding because of a 25% gap in one day. But this chart is ominous. Just like celgene, and so many others.
Bed Bath & Beyond Already shorted with a buying opportunityThe stock is already 4% down, but it could go for 20% plus. My PV is around $16.82, so in the case to go about $13 it could give us a real buying chance, but for now, already shorted.
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$BBBY Breaking Resistance - Near Term Upside Potential +20%$BBBY Breaking Resistance - Near Term Upside Potential +20%
- Targeting $18.80 Sept gap-fill by mid to late March
- Looking for a close at or above $15.35 today for confirmation
Note: Informational analysis, not investment advice.
