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The Apes Are In Control Of Bed Bath & Beyond Stock Behind As Short Squeeze Continues: What's Next?

Benzinga Real-time News · Aug 12, 2022 14:14

Bed Bath & Beyond, Inc(NASDAQ:BBBY) was surging higher on Friday after breaking up from a triple inside bar pattern intraday.

The inside bar pattern is part of a consolidation phase that was needed after the stock skyrocketed 193% between July 27 and Aug. 8 after being targeted as a short-squeeze candidate. The short squeeze may not be done yet, and the bulls are in clear control of the stock.

An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the trend.

An inside bar pattern has more validity on larger...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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