Now I'm not one to be about chatter as far as meme stocks and all that hype. I just want to be clear all of this is pure my opinion and I do have a position in bed Bath and Beyond. I own 1 k share with no stop loss.
With that being said...
I have a feeling bed bath and bound's stock is highly oversold. The shirt interest % float is 33.54% with a short volume ratio 54.63%.
Now this is where the fun begins.
-the 4-hour stock is where I live. that tells me so much. using the Stoch RSI I notice that we are showing oversold, and the momentum is slowing leveling out. (Bull)
- we also notice the opening of the last candle was right at the 20-day EMA. I personally use that moving average as a rejection indicator. when a candle reacts to that indicator (average) depending on the current direction if the 21-day EMA (red) EMA holds the direction should reverse whatever direction it is currently going. For this example, we see that the candles moved downward from last week's impressive $5.50 move. Now we are testing the 21-day EMA (red). if successful we will move back to the previous moving average. if no moving average available that would be a sign of a bull trap. but in this case, it is not. we see that in pre-market the bounce was successful.
- the next thing to notice is the 5-day EMA (green) crossing downward under the 13-day EMA (yellow) (Bearish)
- the next thing that I notice is the 30-day moving average (purple) is above the 100-moving average (Blue) (bullish). the 30 moving average is important because it is my test that if my current Idea is going in the direction, it is supposed do, it will let me know.
so, in this case the 30-day moving average has crossed over the 50-day moving average (orange) and the 100-day moving average. which is Bullish.
- Now we see the moving averages moving sideways. taking the Bill Williams Alligator method and amplifying it to show dynamic averages, we know that we are in consolidation and the stock has not picked a direction but showing interest in higher prices but there is not enough interest to have a definitive direction.
- Now lastly is the moving average I like to call "EL HEFE" which would be the 200-day moving average. It still sits on top all moving averages.
-When the moving averages start crossing above the EL HEFE we will start seeing more prompt bullish action. this is where we now start paying attention to the 100 and 50-day moving averages. they will be the ones who will show the ultimate intentions of the market regardless of current observation. We notice the moving averages start to point upward as well which are overall bullish momentum signs.
With News of an Asset buy out and as well Bed Bath and Beyond stating that the have not stated that Bankruptcy was the full 100% choice. that gives us positive outlook.
Hopefully we hear more good news. I am not expecting good earnings in April. But it doesnt matter to me because I know that they can and will bounce back, the biggest thing I noticed is they did not have a plan for Co-Vid and that is just one glance at there numbers. as well it seems they they have a marketing problem as shows in there increase in debt and cash on hand. they have the money to make the right moves but don't know what moves to make. I think a switch of higher ups may be in order if results are not shown by summertime honestly. market has been showing healthy trend so they should follow suit.
I would be looking forward to more news...
#BMMCEO009 #inquisitiveinvestor
With that being said...
I have a feeling bed bath and bound's stock is highly oversold. The shirt interest % float is 33.54% with a short volume ratio 54.63%.
Now this is where the fun begins.
-the 4-hour stock is where I live. that tells me so much. using the Stoch RSI I notice that we are showing oversold, and the momentum is slowing leveling out. (Bull)
- we also notice the opening of the last candle was right at the 20-day EMA. I personally use that moving average as a rejection indicator. when a candle reacts to that indicator (average) depending on the current direction if the 21-day EMA (red) EMA holds the direction should reverse whatever direction it is currently going. For this example, we see that the candles moved downward from last week's impressive $5.50 move. Now we are testing the 21-day EMA (red). if successful we will move back to the previous moving average. if no moving average available that would be a sign of a bull trap. but in this case, it is not. we see that in pre-market the bounce was successful.
- the next thing to notice is the 5-day EMA (green) crossing downward under the 13-day EMA (yellow) (Bearish)
- the next thing that I notice is the 30-day moving average (purple) is above the 100-moving average (Blue) (bullish). the 30 moving average is important because it is my test that if my current Idea is going in the direction, it is supposed do, it will let me know.
so, in this case the 30-day moving average has crossed over the 50-day moving average (orange) and the 100-day moving average. which is Bullish.
- Now we see the moving averages moving sideways. taking the Bill Williams Alligator method and amplifying it to show dynamic averages, we know that we are in consolidation and the stock has not picked a direction but showing interest in higher prices but there is not enough interest to have a definitive direction.
- Now lastly is the moving average I like to call "EL HEFE" which would be the 200-day moving average. It still sits on top all moving averages.
-When the moving averages start crossing above the EL HEFE we will start seeing more prompt bullish action. this is where we now start paying attention to the 100 and 50-day moving averages. they will be the ones who will show the ultimate intentions of the market regardless of current observation. We notice the moving averages start to point upward as well which are overall bullish momentum signs.
With News of an Asset buy out and as well Bed Bath and Beyond stating that the have not stated that Bankruptcy was the full 100% choice. that gives us positive outlook.
Hopefully we hear more good news. I am not expecting good earnings in April. But it doesnt matter to me because I know that they can and will bounce back, the biggest thing I noticed is they did not have a plan for Co-Vid and that is just one glance at there numbers. as well it seems they they have a marketing problem as shows in there increase in debt and cash on hand. they have the money to make the right moves but don't know what moves to make. I think a switch of higher ups may be in order if results are not shown by summertime honestly. market has been showing healthy trend so they should follow suit.
I would be looking forward to more news...
#BMMCEO009 #inquisitiveinvestor