BBBY trade ideas
Sharing my observations and ideas on BBBYAssuming that the wave count on this chart is correct, Wave 3 extended 227% Wave 1. Wave 4 seems to be complete and the breakout of the corrective channel could indicate that Wave 5 is developing now.
Additional observations:
1) Williams R% signature
2) MACD signal
3) Price "position" relative to Ichimoku clouds and its signal
4) Price "position" relative to the pivot (just above it)
5) MA compression (10, 20, 50)
6) Price "position" and evolution relative to the Donchian Channel's mid point
These observations from 1 through 6 make me believe that Wave 5 is actually developing.
I'd use as first TP right where Wave 5 would be 100% Wave 1 (which just happens to be coincident at the price where Wave 3 topped), leaving a RR of 1.17; but I see also a confluence between one of the historical eighths (62.5% of max historical price) and the level where Wave 5 would reach 161.8% of Wave 4, a bit above $30/share (which also happens to be an important support/resistance level since 1998). TP2 would give a RR of 2.47.
SL has been placed 1 tick below Wave 4 bottom, which marks the point where if price prints a tick, all this analysis would be wrong.
$BBBY Less overhead = more profits
Online Shopping transformation...Can they pull it off this holiday season?
Bed Bath and BS...this was the buy of the year!BBBY has been a mover this year and it has room to grow.
Bed Bath & Beyond Inc. posting better than expected earnings$BBBY has posted better than expected earnings taking price higher pushing beyond the projected PEAD cone with the latter projecting a Neutral outlook until the next earning.
$BBBY Bed Bath & Beyond $26.50 Target
BBBY announce that the are offloading some more assets and it has went down well with investors as the streamlining continues and liquidity improves.
Ascending triangleI was originally thinking shorting this but fundamentals of the company are actually really good, especially compared to all the EV dumpster fires running up as of late.
i'm gonna paper trade this and just see if this idea plays out.
$BBBY can rise in the next daysContextual immersion trading strategy idea.
Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $20,60;
stop-loss — $18,21.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Say Goodbye to BBBYIndicators on the 4 hour chart point to a 5%-10% drop for BBBY - RSI shows way oversold, MACD is crossing over, and it's hitting lower highs. I'm in with $20 10/30 Puts.
BBBY! SHORT JACKPOTBBBY is currently short squeezed for about 2 weeks now, has been going up even during the latest stock market sell-off. So why short it? Well, when BBBY is trading around 15.6 (And trust me it will by today or tomorrow), it has a very strong resistance at that point, + here's real deal: BBBY's earning are on 1st OCT and it is estimated to underperform, considering all earning call's BBBY has moved down 80% of time during its earning, and given the pandemic scenario I don't think the stock is performing too well, expect BBBY to move to 11-12$ levels in the next week, and if it breaks the resistance and moves towards $16, buy it for a Target Price of $20, either way you're making a 25% gain, take your orders wisely and wait for indicators! GOOD LUCK
BBBY wants the 50DMA before it tries to go beyond the downtrendLooking like a nice lil possible triple top coming thru before heading south to home base it at 50DMA and other trend support in the purple box.
Then we need to try and go way beyond beds and even beyond that overhead downtrend channel in red, that’ll be the moment of truth if we make it out of the downtrend cycle.
If it doesn’t it’ll be onwards to check out the 200dma.
BBBY Bullish TrendNASDAQ:BBBY is showing bullish contonuation. We broke above the .618 fib level and closed above it. We have bullish divergence on RSI and MACD. The targets would be the gap fill which coincidentally is a confluence with the .786 fib and resistance from looking left.
This is not financial advice and it is only meant for education. I am not responsible for any loss you have from trading my ideas including this one.
BBBY 1D BIG 3 INDICATORRULES FOR BIG 3 INDICATOR.
Add 20, 40, and 80 sma to chart.
Step 1 - Bullish uptrend with price above all 3 ma's.
Step 2 - Bearish Pullback with Price below 20 sma.
Step 3 - ENTER TRADE when Bullish Reversal Candle Closes.
Step 4 - SL below the current swing low.
Step 5 - Close trade when Big 3 Indicator changes color of the column to Yellow or Red.
BED BATH AND BEYOND Plan DailyHey traders, BED BATH AND BEYOND is in a bullish configuration low purchase volume the candle shows a refusal of the buyers, great possibility to seek the last precedent higher. See the median even bloom if buyers push prices up.
Please LIKE & FOLLOW, thank you!
BBBY possible EW patternI've been learning Elliott Wave theory the past couple months, and am trying to apply. First target around 14.50s, pullback to 12.00s, final target of 18.00s. Notice the high percent short interest on this stock...possible catalyst? What do you think?
OPENING: BBBY AUGUST 21ST 10/11 SKINNY SHORT STRANGLE... for a 2.68 credit.
Notes: Earnings in 1; high rank/implied at 55/128. Went with a skinny short strangle over a short straddle, since price is blooping around 10.50, which is in between strikes. Will still look to manage at 25% max, since it's very nearly a short straddle.
