BB had suffered a punishing sell off post earnings,
maybe its time to catch the reversal as fundamentally
the company is in a good position.
RSI has crossed mid-point
Mom - alert set for cross above zero line (bullish)
Stochastic bottomed and in reversal.
Potential entry above the 20ma above $7.40
Targets as per chart, with the gap as first major...
The ER was not great and was not terrible either. I believe the stock will see strength going forwards. I have loaded my account with shares in this company! Cheers to a bright future!
Thanks for viewing! This is not financial advice, please consider your own Due Diligence and Risk Management.
9$ is a major support/resistance for BB from 2016+, the same thing is true for the 11$ support/ressistance
We see a classic pattern : breakthrough(1 dec.) fallow by a retest(18 dec)
Actual price = 9.14$
Stop = 8.60$ (-0.54$)
Taget price = 10.80$ (1.66$) Time frame 4 weeks
Reward/risk ratio = 3.07x
Just what we like to see when looking for a buy position
In the MacD it has crossed positive territory as well with the fast stochastic making higher lows, being served higher
Holding above the moving averages.
🍇🍇🍇💦💦💦💦
The juice will be worth the squeeze
A Tradingview user sent me a request for an analysis of NYSE:BB . The reason I make my videos is to help new traders and his question had a lot of great talking points to address. Hope this helps everyone and not just those invested in this particular stock!
Hello Traders,
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