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Silvestrov
Feb 12, 2020 3:31 PM

BBBY - overreaction creates opporunity? Long

Bed Bath & Beyond Inc.NASDAQ

Description

NASDAQ:BBBY price is destroyed this morning, based on some ugly sales numbers for the chain.

However, stock was more than punished for all the problems in recent years. So key question is whether future turnaround would be succesful?

If it is, now might be actually good time to buy, and technical picture potentially supports it. If inverted H&S would be formed, price should bottom not far from current levels, I am entering.
Comments
Chartguru1
I think under $10 is where you jump in ...nice chart I think the right shoulder will take few more days
Silvestrov
Thanks! Agree, totally possible.
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