Since Mark Tritton’s as CEO was announced on 9th OCT, the stock has risen too much. Possibly investors and institutions are viewing the new leadership as good news.
This chart paints a story that the price after breaking out of the trend line resistance (orange) it has since tested many times the (now) support trend line.
Fundamentally BBBY has room to deliver results with a new leader but time is the horizon.
which is precisely the point a possible short when it reaches 15.49.
Keep watch.
This chart paints a story that the price after breaking out of the trend line resistance (orange) it has since tested many times the (now) support trend line.
Fundamentally BBBY has room to deliver results with a new leader but time is the horizon.
which is precisely the point a possible short when it reaches 15.49.
Keep watch.
Trade active:
Continue watch to 15.49.
Important: breakout of 15.49 first, wait for retracement below 15.49 before short.
Important: breakout of 15.49 first, wait for retracement below 15.49 before short.