Keep in mind the risk of entering ahead of an earnings report, but the technical chart is picture perfect in #BBBY here.
IF it holds up over $9.6 it can rally towards the yellow box targets on chart by October 15th.
Best of luck,
Ivan Labrie.
IF it holds up over $9.6 it can rally towards the yellow box targets on chart by October 15th.
Best of luck,
Ivan Labrie.
Note
#BBBY recovering after the post earnings dip, held support at the daily accumulation zone, if it breaks back over the 'inside trendline' I drew it is in good shape I think. Breaking over recent highs would send it much higher rapidly... Note
#BBBY acting very strong, moved back over the trendline, and today's bar already engulfed yesterday's, making a bigger range move up from yesterday's close, this is called 'Range Expansion' a sign of strength Trade active
A stock position can be safely bought here, we opened an options position only, ahead of earnings. If you missed it, now's a good chance.
Trade closed manually
Failed to move away from the mode.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.