Keep in mind the risk of entering ahead of an earnings report, but the technical chart is picture perfect in #BBBY here. IF it holds up over $9.6 it can rally towards the yellow box targets on chart by October 15th.
Best of luck,
Ivan Labrie.
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#BBBY recovering after the post earnings dip, held support at the daily accumulation zone, if it breaks back over the 'inside trendline' I drew it is in good shape I think. Breaking over recent highs would send it much higher rapidly...
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#BBBY acting very strong, moved back over the trendline, and today's bar already engulfed yesterday's, making a bigger range move up from yesterday's close, this is called 'Range Expansion' a sign of strength A new trend signal confirmed now.
Trade active
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A stock position can be safely bought here, we opened an options position only, ahead of earnings. If you missed it, now's a good chance.