Can’t wait for this falling wedge to breakout! BBBYI’m slowly scaling into this dip, I expect that in 2-4 months this baby is going to explode! I mean look at that volume last month, they’re getting ready!
BBBY trade ideas
BBBY - ROCKET TO THE MOON? (HIGH RISK TRENDS PLAY)Here it is. Everyone has been waiting for a massive squeeze, and it might happen within the next few weeks.
Following trends, I'm picking up the opportunity for a high risk trends play.
Here's the chart. Buy target was in green around $7.80, that might be more like $8.64 now, sell targets #1 and #2 are in orange, Sell target #3 is green @ 47.46. After that, momentum could carry the stock to $60-$74. Monday, looks like a potential run into Tuesday where we see $13 tested again. After rejection around $13, a retracement to $10 is very likely, followed by a close over $12 but under $13. The big run should start the following week with a large gap up in price on Monday followed by a huge movement to the upside into the 20th.
Again, I can't predict the future, but if these trends were to follow as they have been, it shows us the possibility of huge upside coming on GME, AMC, BBBY & TLRY.
The downside potential of this trade is if the $7.64 mark can't hold, expect $6.21. Line is a projected price movement to display upside, do not follow it exactly.
Bed Bath & Beyond earnings 1/6/2022Bed Bath & Beyond (BBBY) reported Q2 August 2021 earnings of $0.04 per share on revenue of $2 billion. The consensus earnings estimate was $0.53 per share on revenue of $2.1 billion. Revenue fell 26.2% compared to the same quarter a year ago. The company said it expects third quarter results to range from breakeven to earnings of $0.05 per share on revenue of $1.96 billion to $2 billion. I'm starting to plan a long position ahead of Q3 earnings because all the bad news is baked in and the setup has little downside risk left. All it would take is some good news. lol.
Q3 November 2021 Consensus:
EPS = $.02
Revenue = $1.98B
52 week H = $53.90
52 week L = $13.38
Price levels 1 day chart:
SMA200 = $24.86
SMA150 = $24.06
SMA100 =$21.24
SMA50 =$18.21
breakout = $20.56
R3 = $19.44
R2 = $18.31
R1 = $17.19
pivot = $16.06
S1 = $14.94
S2 = $13.81
S3 = $12.69
breakdown = $11.64
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
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MEMES are about to run - BOLD PREDICTION: BBBYBBBY to $60 by SEPT 9th. I think meme stocks are about to run, and if it follows this trend, some bears are about to get absolutely wrecked in the short term. I would not at all be surprised to see BBBY close under $15 on Friday, which allows for a nearly 50% gain tomorrow/Friday morning, Along with a massive pump to follow in the coming weeks. Be ready for some up and down movement.
BBBY green candles of deathEverything is pretty much said in the chart, we first broke the local downtrend but resulted as a fakeout, we are now back to where we started the pump, around the 8.18-9 area, we just filled the gap down, now we have the freedom of going up, there are 2 big gap to fill at around 18 dollars and 22.5 dollars, but if momentum continues and we break the 30-32 dollars, there's nothing stopping it to go to the uppertrendline of this bigass 21 years megaphone, seems I got the call right when we were at 8 dollars area saying it would go to 20-22 minimum from there.
Medias are still murdering the stock, don't trust anything they say, I have the feeling that now we filled the gap down, if 8.18-9 holds we are just going straight up, up to 80-120 dollars, if it doesn't hold, then we might visit the 6 dollars range first to fill the other gap down but it's mostly unlikely.
I can already see the hatred comments or the "you're delusional blablabla" comments, but like it or not, it's pure TA and I really think this stock is not done, may some unknown catalyst boost the stock price it's an instant road to the said 80-120 dollars area (not speaking of the insane 80 jan23 calls that still are open)
Anyways, GLTA
BbbyCritical support zone roughly 855-8.68 area. Must hold and flip green. If we can, we may put in a W pattern on this support here Howver losing that support and starting to flag under as Resiatnce can signal a short signal which could dip down towards the lower 6$ range. Be careful , patient and wait for the momentum not the falling knife. Good luck!
$BBBY Bed Bath & Beyond - Mega Head and Shoulders - Big SqueezeTicker: $BBBY
Event: Mega head and shoulders
Date: 9/17/2001 to 9/17/2022
Note: Mega head and shoulders lasting 21 years will complete and propel the stock into the largest squeeze in human history. Buy price target 1.50, sell target $100, $200, $280.
BBBY Going to $8.00Bed Bath and Beyond will head into lower territories within the coming weeks as we see a potential sell off to $8.00, I will explain why.
As you can see I have marked the top, middle, and support for Friday 8/19/22 close. Below that we have a huge gap fill to potentially fall to $8.00 or so.
We will see if buyers can keep it above this level.
a possible reversl for BBBYThe reversal of fortune for this much maligned stock could be about to start, not long to go then should technically be ready to start a potential run (NFA)
Idea stems behind a cup and handle formation and based on support and resistance lines acting as barriers or through passes.
BBBY The Road to $80NASDAQ:BBBY
Hello everyone ,
I'm back with BBBY madness! Just a reminder none of this is financial or sexual advice. The last time GameStop was on Reg Sho explosions happened. This is moving very fast so good luck to you all! Zooming in on the daily, from the recent downtrend we hit 0.618, 0.786, and the 1-1. We did leave two gaps to fill at around $13 and $8. I think the trend continues on and into the 23rd. There's no stopping this now. Zooming out on the daily, downtrend that we started at the start of the year starting our fibs there, we are aiming for that golden pocket retracement and an extension to the 1.618.
PT #1 35
PT #2 43
PT #3 85
If we can break 35 and 43, see you all at 85. It was also extremely NOT surprising to see that BBBY ran and so did AMC and GME. The 23rd is going to be a very volatile week.
sorry i will give u the real chart i draw with mouthneeds to get back in that cannel at 30.50ish then she goes to 90-100 easy or higher sky limit this could pass the top trend line by a few hundred and bounce back off it. imagine it runs to say 400 and comes back to settle at 100. i wouldn't pass the bulls. u a fool to bet against this
Looks like a index chart prior to moon... SPX NDX Status...Very hard not to be bullish on a chart like this. Massive short interest, low float, billionaire backing, history of stock buy backs... at this point a partnership, a stock buyback, or anything out of the ordinary on the 31st could send her to triple digits. Remember September 1st is a big day for shorts... What a great Meme symbol as well. To infinity and bbbeyond! LOL NFA...
BBBY Breakout Zone $we formed a triangle last Friday , now we have one critical level to confirm the breakout and going towards the 16.20$+, which is breaking the 12.51$+ resistant.
cause if we didn't had that reaction and broke the triangle from below we going to have a visit for the support above the 8.24$, and the bottom above the 6.50$ , if we didn't hold above support level .
BBBY 1DBed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores.
It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.
As of February 26, 2022, the company had 953 stores, which included 771 Bed Bath & Beyond stores in 50 states, the District of Columbia, Puerto Rico, and Canada; 130 buybuy BABY stores in 37 states and Canada; and 52 stores in 6 states under the names Harmon, Harmon Face Values or Face Values.
It also offers products through various Websites and applications comprising bedbathandbeyond.com, bedbathandbeyond.ca, harmondiscount.com, facevalues.com, buybuybaby.com, buybuybaby.ca, and decorist.com.
In addition, the company operates Decorist, an online interior design platform that provides personalized home design services. Bed Bath & Beyond Inc. was incorporated in 1971 and is headquartered in Union, New Jersey.
BBBY to the MOONBBBY was the 3rd most shorted stock as reported by marketwatch 1 month ago, I believe it may be the most shorted stock now when the totals get updated:
www.marketwatch.com
Also yes Ryan Cohen sold, but Jake Freeman also sold $100 Million: www.dailymail.co.uk
this is money and profit that's now sitting on the sidelines.
Freeman said : "'I certainly did not expect such a vicious rally upwards,' Freeman told The Financial Times in an interview on Wednesday. 'I thought this was going to be a six-months-plus play…I was really shocked that it went up so fast.' "
You think this guys one and done, gone for good after this trade? He sold at $27, he now has another $100 million, and he was expecting to be in the stock for several months.
looking at the chart first notice the increase in volume, this is the most volume this stock has EVER seen
when I go on twitter, listen to the radio, watch the news, EVERYONE is talking about this stock
when I look on the screeners for hot stock on tradingview, trendspider, marketwatch, robinhood, etc. THIS stock is on the top of the list. This is generating a lot of publicity and a lot of interest.
looking at the chart, do you notice all the gaps? There's been 2 big gaps or tears in the charts in the last 3 days, that's huge! What are the chances that it fills those gaps?
This last Friday was a doji at the bottom of a 3 day trend and may indicate a reversal.
The amount of out of the money calls to out of the money puts out number puts by about 40% that should mean calls have more to lose at expiration.
90% of all volume all time in BBBY has been traded ABOVE where it closed on Friday at $10
When you look at the daily and weekly charts with this last 3 day downtrend the MACD still hasn't crossed the signal line yet which indicates the overall uptrend is still intact.
On the hourly chart the MACD has just crossed the signal line to the upside.
Look at the upward trendlines , they are still intact and the last close was above the trend line .
BBBY has a ceiling at $30, the current upward trend may form an upward trend to $30 where if it breaks the top then I see it moving with the same potential as $GME or $AMC
If it breaks the top at $30 I think you could see it going to $90 potentially.
as Buzzlightyear once said: "To infinity, Bed, Bath, and Beyond!"
follow me for more hopium
Falling Wedge Break Hook and Go at PCZ of Bullish GartleyThis "meme stock" has been seeing alot of action over the last couple of years but has recently tumbled over and may be giving an actual credible entry here. I would either go light with slightly OTM September 16 Calls or i'd just straght up buy a few thousand shares. I personally will be going with buying 4000 shares here and seeing how it goes.
$14-$16 is the critical zone for BBBYThe anchored VWAP from $4.5 levels comes around $17 zone which means buyers are still in profits.
The fib levels come around $14-$16 zone which also indicates a strong support area
If prices fail to hold $14 then it may retest $10 zone.
Below $10, stock will be weak
