In this muddy market, BBBY (Retail sector) could be an interesting short trade.
After breaking down a few days ago, the stock is now bouncing on a weak EB pattern to the resistance zone.
We can see on the Pyramid data that the Supply is lower than 10% and LER is not that negative.
This indicates a stock that is not in a distress situation and might not "break" from here.
The Supply Figure below shows that we are at teh base of a strong resistance level, but selling will not accelerate unless we break below LB and the 10% limit zone. However, the upside is very limited from here and hence, this makes a low risk short trade.
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