BBBY crashed back to earth after the recent short squeeze that sent it from $25 to $53.90 in just 4 days.
It now appears to have found support back at 25.00 (78.6 % fib retracement support as well as a rather significant horizontal support). Coupled with bullish divergence now forming between price and RSI, it looks like a "safe" zone to test water again with an initial stop placed several ticks below yesterday's low @ 24.59.
Warning! This is a speculative stock (think "wallstreet bets" & potential "epic short squeeze #2" lol). Do make sure to have a stop loss in place and trail your stops up diligently should the trade work out.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Hi nice chart actually bought some Lottery tickets today on that one when the 178 Min chart gave me a confirm, working on my own chart right now and will probably publish it shortly. got the Call 33 Feb 26 for 1.00 and the Call
55 for March 19 for 20 cents.
Since the I.V was only 97% at the time it was relatively cheap compared to the last weeks where it was 2 or 300 %. These calls should go up solely on IV if the stock start to move. For me it is a calculated risk with all or nothing type of attitude.
Juliac
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@LeProfiteur, seems like a good strategy. Buying calls on low IV will help mitigate the time decay should the stock move slower than expected. Would be interested to see how they play out :)
55 for March 19 for 20 cents.
Since the I.V was only 97% at the time it was relatively cheap compared to the last weeks where it was 2 or 300 %. These calls should go up solely on IV if the stock start to move. For me it is a calculated risk with all or nothing type of attitude.