BBWI Stock Short-Weekly double top pushing prices down.
Bull push without a profit taking action.
Shorts preferred.
Entry on a reverse head and shoulders 4h pattern.
Stop loss above shoulders.
Targets on previous key levels (not fixed).
BBWI trade ideas
BBWI: building on its 200-week simple moving averageA price action above 46.00 supports a bullish trend direction.
Further bullish confirmation for a break above 48.00.
The target price is set at 50.00 and 54.00 (its 78.6% Fibonacci retracement level).
The stop-loss price is set at 43.00 (its 200-week simple moving average).
Building on its 200-week simple moving average, which might support the upside price potential.
buy this stock with target around the area shown in the graphbuy this stock with target around the area shown the graph
stop is under the support
BBWI: aiming for its 38.2% retracement?Channel Formation: The stock has been trading within a declining channel, characterised by lower highs and lower lows. This can typically indicate a bearish trend, but it's essential to note any potential breakout or breakdown from this channel.
Fibonacci Retracements: The stock's price seems to be interacting with the 23.6% retracement level, which can serve as a potential resistance or support point.
Target and Stop Levels: The technical analysis suggests a bullish outlook with a target set at 35.00 (implying a potential gain of +7.4%). Conversely, the recommended stop-loss is at 31.00 (risking a -5.2% decline). This establishes a favourable win/loss ratio of 1.5:1.
Increase Exposure Point: The analyst proposes increasing exposure around the 34.00 price mark, possibly due to expected resistance or previous price behaviour at this level.
Mean Reversion Possibility: The label "Mean reversion?" suggests whether the stock may revert completely to its mean or average price after a prolonged decline.
$BBWI yieaahtricky, and not yet confirmed. Stock at the edge of a potential bull head and shoulders knees and toes. If we break above the breakline and go above the mid point of our channel at $45 things can go nicely to $60ish.
Fueling the jetpack yieaaahhh.
BBWI Bath & Body Works Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BBWI Bath & Body Works prior to the earnings report this week,
I would consider purchasing the 38.5usd strike price Calls with
an expiration date of 2023-8-25,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Bath & Body Works (BBWI) - Frequency Formula Strategy - LongStrategy Overview: The Frequency Formula
Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the Frequency Formula Net Buy/Net Sell Volume Indicator (FF-NBNS). Together, they identify optimal entry and exit points based on changes in market trends, volumes, and sentiments.
Why Now Is a Good Time to Enter
The FF-CI and FF-TI suggest that the current market chop and previous bearish trend are transitioning into a solid upward trend. Simultaneously, the FF-UVI-CR indicates increased buying volume and positive sentiment, suggesting strong support for the upward price movement.
What to Look for When Exiting
Keep an eye on our FF-VMI-CR and FF-NBNS Indicators. When the FF-VMI-CR indicator positive volume (blue) and negative volume (red) signals converge or "squeeze", this indicates a significant increase in net selling volume and might indicate a potential trend reversal; also, watch the FF-NBNS indicator's net-selling value (red) to increase and close at any value greater than zero, at this point you should exit the position.
Remember to always manage your risk, and don't invest more than you can afford to lose. Happy trading!
Bath & Body Works Pulls Back After Strong EarningsBath & Body Works rallied after strong quarterly results and now it’s pulled back.
The first pattern on today’s chart is the high-volume bullish gap on May 18 after earnings, revenue and guidance surprised to the upside. The retailer pulled back a week after the event, followed by a sharp rally. It peaked around $43 before revisiting $39.
The current location represents a 50 percent retracement of the bigger move, which could lure dip buyers.
Second, BBWI's price area is near the May 23 high and slightly above the 200-day simple moving average (SMA). Will support form in this zone?
Next, yesterday featured a bullish hammer candlestick pattern.
Finally, the pullback is near the rising 21-day exponential moving average (EMA). MACD is also trending higher. Both of those may suggest that direction is headed upward.
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Short $BWIIStock is trending downwards overall. Looks like it tried to test $43, but failed.
No significant improvements over the last quarter
99.99% of float held by institutions
Company's financials are struggling compared to the previous quarter.
PT: $30-$35 by mid July or early August
BBWI Simple Short SetupSimplicity is my friend. Huger bear flag that is about to break offering us
a great risk-reward. Not much more to say about that.
BTW This trade was founded by one of my followers. ;)
BBWI - Continued RiseBBWI has rose up a bit but i think it will continue completing this current structure.
This is the hourly chart.
Bars pattern in green shows my thoughts on the next upward move.
Watchlist 2023-02-23 #TDOC #BBWI #HD #TGNA #NVDA #BABA SPY - as I mentioned the prior day, the selling did not stop. SPY rejected the 400.30 level twice yesterday and ended the day with the final flush down to 397. Gapping up this morning on light vol, if we can hold the 400.30 level , we could see a grind higher to 402, and maybe 404. Expect multi rejects off those levels as we haven't made a significant short-term daily bottom by any means.
Short Watches:
TDOC - EPS miss, while fiscal 2023 revenue estimate misses consensus. Below the 200 EMA, falling 9/21 EMA. Below 28.38 pivot. Roo, to 25.81 (be aware of the high vol node at 27). Down 0.70 ATRs on 1.5 RVOL. Decent setup in this bearish environment, no pivots to hold this up immediately off the open
BBWI - slides premarket after earnings beat is offset by soft guidance. Down a.5 ATRs, RVOL of 2.5 (both great). Gapping below the 39.60 key pivot into a new range. Clear signs of rejection higher with a suto- H&S, and reversal green bar, below the 200 EMA and downward trending 9.21 EMA. A+ setup with room to 35. Needs a particularly strong day as ATR is 1.7
HD - continuation from 2 days ago strong selling. Forming an daily 3 bar play. 295 key level to break for downside momo.
Long Watches:
NVDA - Bullish fakeout below 207 to flush out early longs and add shorts. key level 232.85.Needs to hold this level for a long.
Other watches:
BABA - reported lackluster growth for Q4 earnings. VERY key level is the 200EMA coinciding with the 1000 price level. A failure or reclaim of this level could bode for a position in either direction - keep on watchlist.
TGN, PANW
I focus on names trading elevate RVOL>2, trading past key ranges and pivots, preferably with news catalysts.
Yellow = Support
Purple = Resistance
Red = short opportunity
Green= long opportunity
BBWI time for candles1. (pre-market) gapping over yesterdays range
2. now green on month and week
3. trapped lots of bears
i think we see price return to 44
29/4/2022 NYSE (BBWI)Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $53.67
Target Price: $54.70
Stop Loss: $51.95
BBWI LONGNYSE:BBWI
NYSE:BBWI performed well during afternoons rally, I am long after Gamma Inversion and during a market rally.
Exhausting Window6 1/5 hours ago we opened the new periode with a downgap. Due to the uncorrected fall since January 4th I consider this as exhausting. A regular Fibonacci correction may be expected at least.
BBWI: Epic Short?Could be an epic short. Looking at the break below of $58.63 OR the rejection of $62 if it comes. Over $62 you cut it and move on IMO.
Will be scaling in tomorrow especially if we bounce and doesn't retake $62.
