Memorializing my thought process on the trade: - Entered a long position on first pullback candle on Feb. 2 (Entry price: $23.46) - Profit target: $37.24 (58.7%); Set using Measured Move Objective of 1/2 of prior trend leg's percentage increase - Stop loss calculated as 1.5x CVLB's ATR at time of purchase (2.71) Happy trading!
Are we seeing the $GME/$AMC/$BB mania start to bleed over into $BBBY? After briefly touching $47.73 yesterday (~3Y high), the stock consolidated around this level today (purple dashed line) and showed some late upside momentum out of the pennant and above $50, ending the day at $52.98. The last five bars of the day seem to be significant, as they were the only...