markbrsz

BBBY Short Bias

Short
NASDAQ:BBBY   Bed Bath & Beyond Inc.
0
Last week, Bed Bath & Beyond closed under $42 level, which has been acting as a MAJOR FLIP Zone going back to 2003. This level has held as support since January 2016 and after a full year of consolidation between $42-$52, prices painted a weekly close below this level closing on the lows signalling bearish momentum. With $42 taken out, the price is likely to aim for next key WEEKLY support at $35.55. Any rallies on the daily chart should be seen as value for shorting opportunities.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.