hello yall
alright so other at home covid stocks have been killer during earnings. The gains have not been super high but if they beat expectations then they will most likely become bullish. Found a dollar gap in the chart that is the open space. BBBY has been trading around the same line for the past couple of months. It formed a breakout and was unable to hold. It dropped and found some support and came right back. For the past two weeks it has been trying to break out of its shell. Will monitor volume during Monday and Tuesday for confirmation. expecting a pullback tomorrow and then a nice rally Tuesday into Wednesday's earnings. The doji candle from Thursday shows the buyers aren't strong enough yet. Monday will determine the pattern trend. Feeling confident in their earnings.
this is not financial advice. I am learning and I apologize if the outcome isn't what I predicted. Use to your discretion
alright so other at home covid stocks have been killer during earnings. The gains have not been super high but if they beat expectations then they will most likely become bullish. Found a dollar gap in the chart that is the open space. BBBY has been trading around the same line for the past couple of months. It formed a breakout and was unable to hold. It dropped and found some support and came right back. For the past two weeks it has been trying to break out of its shell. Will monitor volume during Monday and Tuesday for confirmation. expecting a pullback tomorrow and then a nice rally Tuesday into Wednesday's earnings. The doji candle from Thursday shows the buyers aren't strong enough yet. Monday will determine the pattern trend. Feeling confident in their earnings.
this is not financial advice. I am learning and I apologize if the outcome isn't what I predicted. Use to your discretion