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 ! :)
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 ! :)