BBBY, the BIG DAILY SHIFT... the wait will be worth it?!

JSAL Updated   
NASDAQ:BBBY   Bed Bath & Beyond Inc.
BBBY today is experiencing a major price shift on the daily -- after some hard painful correction on the downside.

The daily data is conveying major buying / accumulation. The first net positive volume since March 2, 2023 suggesting a shifting trend for this volatile stock.

The probability of a reversal to the upside on this one is very high. The signicant trimdown on its market cap means -- this will be very sensitive now to major price changes.

BBBY has an average volume of 146M shares traded, but last trading day we got more than double the average at 331.696M shares traded. The public (and private) interest is back on it.

SPOTTED at 0.2800

Trade this one with caution still. Fundamentally BBBY is still undergoing healing.

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moving as planned, hopefully no more surprises.

what we would like to see is for the price to touch .47 level to confirm it on weekly data -- thus strengthening support level and ascertain upside continuation.
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We touched .47 at yesterday's trading.. Weekly reversal shift has been confirmed. Let's see if BBBY can sustain this change in trends.


Practice safety still. This is BBBY. :)
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BBBY is back at foundation levels at .29 area -- this usually happens when there's a significant trend breakout to the upside and it needs to trim down price to balance itself before creating another attempt.
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.29 area is the new order block support before the pump, still above the .23 bottom price level..
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I knew this was a risky bet -- and it was factored in when I seeded on it albeit a small trade. Looks like they the stock is being delisted -- but will be traded on OTC pink sheets. I wish everyone well with regards with BBBY.

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