Quotes of Bed Bath & Beyond continue to move as part of a strong growth and a downward channel. Moving averages indicate a short-term bullish trend for Bed Bath & Beyond. Prices have broken through the area between the signal lines up, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of the shares is 25.47. As part of the forecast, we should expect an attempt to develop a correction and test the resistance level near the area of 32.05. Further, a rebound and continued fall in the value of securities. The potential target of such a movement is the area below the level of 16.05.
Bed Bath & Beyond Forecast and Analysis March 8, 2022
An additional signal in favor of falling Bed Bath & Beyond quotes will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the option of falling stock prices of Bed Bath & Beyond will be a strong growth and a breakdown of the level of 37.05. This will indicate a breakdown of the resistance area and a continuation of the rise to the area at the level of 49.05. It is worth expecting an acceleration in the fall of shares with a breakdown of the support area and closing below the level of 22.05.
Bed Bath & Beyond Forecast and Analysis March 8, 2022 suggests the development of a correction and a test of the resistance area near the level of 32.05. Where should we expect a rebound and an attempt to continue the fall of the pair to the area below the level of 16.05. In favor of the fall of the currency pair, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option to reduce Bed Bath & Beyond will be a strong growth and a breakdown of the level of 37.05. This will indicate a breakdown of resistance and a continuation of the rise in value to the area above the level of 49.05.
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