NYSE:BBY
NYSE:BBY performed well with the market rally and is forming a falling wedge which is traditionally bullish but nothing is bullish in this current market conditions.
BBY is approaching our first resistance at 66.19 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 56.93 (horizontal swing low support, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a...
