Just like Amazon. Oh well. Buy Buy Buy. Poggers hold for broke. Welcome to hybrid Kworld.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 9, 2021 with a closing price of...
NYSE:BBY broke the top trendline and now all 3 EMA's (5, 20, 50) are turning up together. Also had a small triple bottom.
BBY trading in a box trying to reclaim 20 day ema, needs to hold above 114 to retest top price range (120-121) with a gap to fill at 125.60
Have an obvious C&H pattern here and as long as we can hold above the neckline of 121, the implied price target for this setup is 142. If we get a break down below the neckline and a push below the handle (swing low), this pattenr will be invalid. Good risk/reward here with the right stop loss. GL
I am going to post about 5 trades or more to watch for every week. Rules are simple. Step 1-Watch price action wait for it to respect the trendline...Preferably the bottom trend line. Step 2-When price stops, bounces, wicks back up over the trend line. That would be your first sign to get in. Step 3-If you are more patient or skeptical, wait for price to move...
The support and resistance levels in the chart support this idea, also BBY should benefit from the sales and could trade with other Black Friday Stocks.
All time highs is the new resistance ~125s. If we can break above $125 can continue higher
With Best Buy launching it's new Best Buy Beta subscription in 6 states and 60 stores, the market seems to be interested in the potential here as it takes on the likes of Amazon Prime and Walmart+. The number of U.S. startups boomed nearly 25% in 2020 – to 4.3 million from 3.5 million as jobs report numbers were a massively disappointment. Could be central to a...
Supply Zone Confirmation Price below SMA13 OBV<OBV34 (see my scripts) WR below -20 (see my scripts) Entry 116.5 Stop 126 Target 96 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan should be less than 1% of an account.
$BBY has been in consolidation for a while. I expect at some point for it to break. Looking at macro news May 20th, 2021 is their next earnings and I expect them to outperform estimates. Shares or Leap Calls are a great play. We may see a bounce off this resistance at the top and I would look to buy towards its next support lines.