BBBY trade ideas
$BBBY Possible Parabolic Short Squeeze Gap Fill Coming AheadBased on this chart (using fib retracements) and current short float (26% - according to shortsqueeze.com), I have notated possible targets for the next day or two. Could go as high as $18 on a parabolic short squeeze to fill the most recent gap.
BBBY - Continued move down below swing low...possible long BBBY breaking below most recent swing low... into an area of demand/support dating back to 1999-2000. Seasonally, mid-October through the end of the year is the strongest period for BBBY over the last 20 years. We are looking for opportunities to get long - outright stock itself + options. Thoughts?
Short Bed Bath & Beyond at $22 LevelThis is a short trade opportunity coming up, the overall trend is down but I do not want to chase a short at these levels.
When the stock dead cat bounces up to $22 area right onto megaphone resistance, I will grab some put leaps. This company is dead in the water and will churn a bit here at historic reversal levels (2001 and 2008-09).
BBBY - Price has reached the floor of support - BUY NOWIt's a great opportunity to BUY BBBY now.
Price has reached an all-time low and there are signs of positive divergence.
If price breaks below the support line then this stock is in deep trouble.
This trade setup has an excellent RISK/REWARD ratio.
Update (1): $BBBY long-term bullishAdded 50% position on my BBBY leap calls, due to constructive post-earning movement.
However dropping to ~$13 remains a valid option.
$BBBY: #Bullish #Long while market still shaky. Best Candidate?!I am interested in BBBY
I've used 3 timeframes for overall analysis.
Current Price: $20.05
Current Support: $18.70, $16.40
Current Resistance: $20.80, 23.80, 26.25, 30.60
Observation of each #frame:
1. Monthly frame:
- Respected the support at $16.40
- Out of Curved channel resistance to sideway.
- Volume shows increasing quantity for the last 12 months. likely Collection of big institutions/funds.
- RSI just crossed above 30. A RSI Support from Oct 2008 till June 2017 (10Yr), then become resistance (June17-June18).
Despite the crossing above 30, the Reading still Down trending.
- RSI is almost crossing above RSIwma45 during current month of June 18.
- Cardwell's (cfg) shows an increasing tip toward 50Level (an Uptrend signal for CFG>50)
2. Daily frame
- Resistance at $20.80, $23.80, $26.25.
- Support line at 19.10, 18.80
- WMA45 support at $18.87
- gap up closed, and still prices are retraced 5.31% from the 20.80 high. too early to be sure, but for now, it looks holding above the end of gap.
- Support/Resistance proven trend-line (white-color) adding current down pressure.
- RSI crossed above 60 at breakout of 18.20 reaching 76, retracing to 55-65 while price hold above WMA support.
- Daily RSI retracing is a signal for weekly being at resistance. Weekly RSI resistance is 50, a critical resistance if Price would start up trending.
3. 4H frame
- I use 4H frame for stocks to spot early strong RSI Reversals. Check the strong PR happened between 40-60 zone last two weeks of May.
- currently, RSI under pressure by RSIwma45 in teh 4H frame as Daily RSI is retracing (breathing).
First Entry should been made at breakout out of ~18.5 June 5th.
Second Entry would likely be:
- at breakout of inclined resistance (daily frame)
- and horizontal resistance at 20.50 - 21.00
- keep observing for strong PR signal in 4H frame
- This should also be coincide with RSI/Price being positive on Daily frame.
- Volume above average, as confirmation.
Final Note:
$SPX, $COMP, and $DJI are a bit shaky. $BBBY will be entered only in stages, and with market overall indices being mostly positive (No NR nor Support breakouts). Best time to by the stock is at Index starting new uptrend. Keep your eye wide open on market index.
Makr sure stock remain positive at timeframe correlation perspective. because it'd quickly turned risky if break ones of current major supports and would likely turned into something totally different that what we are looking for now.
**The best candidate is ones with positive technical symptoms while market at end of sideway/downtrend shaken period**.
Will be updated ...
BBBY very long-term bullishBBBY reversed to strong side. I bought a small (OTM) 2020 call leap position. I will add if this thing drops to $13-14 though.
I would say right now it has 33% chance to make a trend reversal, 33% chance to stay inside $15-20 range for a extended time (a year or longer) to make bottom, and 33% chance to dip on $13 before doing anything else.
BBBY trent line view frome one year analysis I think there come a breake out from this stock if you look over the couple years
Stealth TradeI had to Buy some shares of BBBY
Warren Buffett says: "You have to Buy when there is Blood in the streets."
He also says: "If you aren't willing to hold a Stock for 10 years, you shouldn't hold it for 10 minutes."
Straddle option strategy With earnings coming out Wednesday there could a strong move in either direction. The stock is in a consolidation period with ATR near a low and in a wedge formation. These factors combined make it likely that there is going to be an increase in volatility and a sharp move. It may be better to have a slightly negative delta as the overall trend appears bearish.
Retracement CompletedThe 50% Fibonacci Retracement has been completed and the price is facing some support here.
BBBY: One to consider to shortPersonally I am using a move > than the high of what I have labeled "c" at 23.42 as my stop. It looks to me it could drop to the 10-15 level. Take a look and see what you think about it.
BBBY Long opportumityAn intraday high potential, Back Tested Long Analysis.
A We ll try to find an entry price within the expected pull back zone 22.09 - 21.42 as previously being back tested.
A butterfly pattern is shaped signaling a bullish movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
BBBY Has At Least A Second Bullish Move To GoBed Bath & Beyond share price has confirmed a doble bottom in its secong leg within at least an ABC ascending pattern. Stop loss can be placed below the double bottom pattern ($21.09) while the first target is $26,90.
Good luck fellow traders
