TraderCaps

BBBY wants the 50DMA before it tries to go beyond the downtrend

NASDAQ:BBBY   Bed Bath & Beyond Inc.
Looking like a nice lil possible triple top coming thru before heading south to home base it at 50DMA and other trend support in the purple box.

Then we need to try and go way beyond beds and even beyond that overhead downtrend channel in red, that’ll be the moment of truth if we make it out of the downtrend cycle.

If it doesn’t it’ll be onwards to check out the 200dma.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.