$BBBY - Long if it breaks out of this wedge..
**Not saying to long $BBBY!**
If this breaks out of this wedge I think it will sharply rise up as there is currently 32% short float.
There is also 32% short float - if this isn't a strong indicator than nothing is.
TA is also telling me bullish conditions when looking at indicators on the daily - weekly actually makes a very bearish/overbought case.
The mixed signals say to avoid, but will be fun to watch the bulls take on the bears here as both sides have logic behind there trade.
If this breaks out of this wedge I think it will sharply rise up as there is currently 32% short float.
There is also 32% short float - if this isn't a strong indicator than nothing is.
TA is also telling me bullish conditions when looking at indicators on the daily - weekly actually makes a very bearish/overbought case.
The mixed signals say to avoid, but will be fun to watch the bulls take on the bears here as both sides have logic behind there trade.
Comment:
Still observing. Massive drop today of 8.7%.
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