TLDR bbby going bigly beyond
Measured move from previous run up 120% brings us up beyond previous resistance around $45 from where we are now
Previous run up saw the largest volume bar entry BBBY has ever seen followed by 15 bars on the weekly chart or 69 bars on the daily before blast off
This time we have had again the largest volume bar entry ever bigger than the last and, this time around a price of $30, were only now at 41 bars on the daily chart from this volume entry and conveniently have earnings coming up within this time period at 63 bars. Just enough time to scam it sideways to burn short date option earnings players before scamming it to new highs again
Conveniently this delay would also take us to 100dma support as well as on the weekly chart would have us seeing the 100 weekly moving average bullishly crossing the 200 weekly moving average which historically for bbby has shown good things happening for quite some time
$79 previous ATH of course possible
This would also all within keeping of a tidy little channel lining up with the 100 and 200 day moving averages and with left beginning point of the channel at $5.95 the highest price volume point this whole crash and recovery, starting the channel off on the third day of support at this highest price volume level
Seems like bed and bath are gonna go Bigly beyond!!
Measured move from previous run up 120% brings us up beyond previous resistance around $45 from where we are now
Previous run up saw the largest volume bar entry BBBY has ever seen followed by 15 bars on the weekly chart or 69 bars on the daily before blast off
This time we have had again the largest volume bar entry ever bigger than the last and, this time around a price of $30, were only now at 41 bars on the daily chart from this volume entry and conveniently have earnings coming up within this time period at 63 bars. Just enough time to scam it sideways to burn short date option earnings players before scamming it to new highs again
Conveniently this delay would also take us to 100dma support as well as on the weekly chart would have us seeing the 100 weekly moving average bullishly crossing the 200 weekly moving average which historically for bbby has shown good things happening for quite some time
$79 previous ATH of course possible
This would also all within keeping of a tidy little channel lining up with the 100 and 200 day moving averages and with left beginning point of the channel at $5.95 the highest price volume point this whole crash and recovery, starting the channel off on the third day of support at this highest price volume level
Seems like bed and bath are gonna go Bigly beyond!!