$BBBYQ BED BATH & BEYOND TECHNICAL CHART UPDATE!
Pay attention to all horizontal white lines, and all red lines including the 50-day sma, these are all resistance markers. However, I still believe a run on high volume is due. Hopefully, it will happen today or possibly even Monday. We need to watch that 50-day sma at about .38-.40 we break that we should run hard. I know we are about a dime away from that marker but, we can hit it, we have to review what happens when it gets to that level!
I still feel my target of 0.80+ is possible.
Bed Bath & Beyond $BBBYQ ran to 0.299 today, Current resistance is 0.28, and even though $BBBYQ is trading currently at 0.285 Just north of resistance she can trail back under 0.28 and confirm resistance. However, Bed Bath & Beyond is showing more strength, and do believe $BBBYQ will explode today over .30 and the run should continue into tomorrow as well.
IMO Zelman Yakubov
Founder of Traders Circle