Finished yet another powerful trade where the market was extremely tricky with a huge sell down at opening bell first before recovering all the way up. BBBY was the hottest and most traded stock with trading halts as prices shot through the roof with 75% gained withing a few hours. The Nasdaq Top 30 stocks are flashing but none outdo BBBY as the stock was in the Top 1 in the list. Traded a few times and made great profits out of it but it's a very emotional stock with a lot of fear and greed involved.
Look at how prices in Nasdaq was being flushed down first before a staged recovery took place. It was so scary at opening where one would thought the market was about to start selling down to only realized that it was a fake sell down. The accumulation and re-accumulation zones in the 5 minute chart for BBBY was extremely obvious and that's where those big whales started their secret buying before conducting a huge rally we witnessed. It's those hidden little buying by the big whales that was utmost important to spot huge price swing up. I managed to capture some of the waves and movements before the rally happened so what's going to happen next to this stock since it's already rallied so much up? Let me work on my analysis and posit here when I have the time.
