Attack of the Meme Stocks: $BBBY Edition
Are we seeing the GME/AMC/
BB mania start to bleed over into 
BBBY? After briefly touching $47.73 yesterday (~3Y high), the stock consolidated around this level today (purple dashed line) and showed some late upside momentum out of the pennant and above $50, ending the day at $52.98. The last five bars of the day seem to be significant, as they were the only real sustained movements above the $50 mark.
Currently have a net long exposure with a price target of $55 by EOW.
This is my first analysis post as a member of the TradingView community, so please shine light on anything you see that I am overlooking. Thanks for stopping by!
BB mania start to bleed over into BBBY? After briefly touching $47.73 yesterday (~3Y high), the stock consolidated around this level today (purple dashed line) and showed some late upside momentum out of the pennant and above $50, ending the day at $52.98. The last five bars of the day seem to be significant, as they were the only real sustained movements above the $50 mark. Currently have a net long exposure with a price target of $55 by EOW.
This is my first analysis post as a member of the TradingView community, so please shine light on anything you see that I am overlooking. Thanks for stopping by!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.