$BB got hit hard yesterday....it finally broke out of this falling wedge of doom, only to fall back into it today, tough break for $BB but it can always make another attempt to breakout out again....earnings were released on Weds and they were certainly an improvement on estimates.
If $BB can break out of this very common formation right now, there is a move up to $3.16 available.
Flipping this level back to support will be very important for the bulls, as it did provide support for the while of 2023, so reclaiming this will be needed.
Matt
2024-04-05 16:51:20 +0000 UTC