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 real sustained movements above the $50 mark.
Currently have a net long exposure with a price target of $55 by EOW.
This is my first analysis post as a member of the TradingView community, so please shine light on anything you see that I am overlooking. Thanks for stopping by!
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 real sustained movements above the $50 mark. Currently have a net long exposure with a price target of $55 by EOW.
This is my first analysis post as a member of the TradingView community, so please shine light on anything you see that I am overlooking. Thanks for stopping by!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.