Greenhaven Continues To Explore A Possible Transaction With Barnes & Noble Education And May Continue To Have Discussions With The Issuer's Management And Members Of The Board Regarding, Among Other Things, The Issuer's Business, Strategies, Capitalization And Operational Issues
- Benzinga
With its stock down more than 32% YTD, neither Barnes & Noble Educational, Inc.’s (NYSE: BNED) stock nor its balance sheet seems to be in a good spot. Looking to improve its situation, BNED sold its Digital Student Solutions (DSS) segment to Learneo and is looking to scale its more profitable First Day Complete (FDC) segment. However, these efforts may not be...
Possible swing for this week $BNED in an upward channel, bounced off of previous support on the daily. Entry would be around 8.05 when it comes back up to 20 ema the yellow line is a previous high on the weekly chart so if it pushes past that 8.26 we can see if come back up to the 9 Target 9.18 my stop would be previous support around 7.70ish.
Barnes and Noble Education, Inc. engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and...
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
This is my take on BNED. Not looking too good on the Elliot count. Not something I would hold right now.
Anyways..... This is the last chart for tonight.
It looks like I was 3 days behind my goal of posting a chart every day.
Completion of the correction gives a good short signal. The fall can be expected at a minimum to levels of 5 - 5.20 $.
The first level of resistance can meet already at 6 - 6.20 $. If the price is consolidated on the basis of this level, you should transfer the position to a break-even zone.
Open 6.43
SL 6.91
TP 5.19
Take 1/2.58
Good luck!
