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Bestbuy

BBY Best Buy Co Options Ahead of EarningsIf you haven`t bought BBY here: Then analyzing the options chain and the chart patterns of BBY Best Buy Co prior to the earnings report this week, I would consider purchasing the 77.50usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $3.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:BBYLong
by TopgOptions
TSLA Entry, Volume, Target, StopEntry: with price above 299.29 Volume: with volume greater than 142.36M Target: 359.29 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 299.30, 279.30 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:TSLALong
by tradepatiently
Walmart - Congratulations. We Now Have "Confirmation."Walmart is another stock that, for some reason, people want to be bullish on. It's probably because Marxist social marketing platform Reddit's public relations firm nestegg r/WallStreetBets said so, or some GPT instance on StockTwits said so. Yet it's another old company with an old business model that is anything but good. I haven't been to a Walmart in the United States in years, but the ones in Canada aren't even cheap. They attract people from low social classes and people who moved here from other countries, but are seriously often one of the most expensive options out there and even shopping online are an automatic skip. Yet people want to get long. This stock is similar to Target Target - Why Is Everyone Desperate To Long Disasters? And Disney Disney - Is Your Compass Upside Down? And Paypal Paypal - Going Long In a Bear Market? In that none of them are one bit bullish, and yet people are rallied by a certain force into believing that it's time to BUY THEM CALLS because it's GOING TO SQUEEZE or something. And yet when stuff like Apple or Meta trends upwards for 5-8 straight months you're told to short every pop while it runs away on you. China's economic problems are seriously escalating and at a frightening speed. The effort is underway to destabilize the Chinese Communist Party, so long as Xi Jinping is its leader and the President of China, at least. The ultimate endgame is to produce a situation where the CCP and/or Xi falls, but what the International Rules Based Order and its banking cartel want is not to have China's 5,000 years of dynasties and traditions return, but to replace the existing regime with something of a submissive soyregime that's nested out of Taiwan. And because of this, retail stores are particularly at risk because everyone just loves and loves to put their hands and get their hands in Shanghai where the Jiang Zemin faction is. When the day comes, the CCP will be gone and the Jiang faction and the CCP's 24-year persecution against Falun Dafa's 100 million spiritual cultivators and all that organ harvesting will become an international story, the only one that matters. And these companies who have been supplying blood to "China" all these years will really wind up going Blockbuster and delisting. Walmart's monthly shows us that we have a raid on the '22 all time high. The purpose of these kinds of events is to take out the funds and whales who use stop loss rules. And if it's really true that Walmart isn't aiming for $180, then it means the next set of rules-based funds and whales to hunt is on the low side, which is a painful $50 away. On the weekly, this ramp towards the top has been an amusing 52 degrees. Trendlines are created to be broken because you're told that technical analysis and not price action is somehow important. The reverse bullish upside down inverse bat pattern harmonic RSI MACD divergence clouds are definitely the way to understand the market, not the places where people are told to put their stops to "mAnAGe ThEiR RiSk." And so the moons have come together on today's earnings to tell us that it's probably time to sell the rip. Walmart has produced: 1. A failure swing 2. The rejection came on Q2 earnings as a catalyst/news driver 3. Months and months of insider sales 4. At a time when indexes are toppy 5. Jackson Hole, the biggest Federal Reserve policy meeting of the year, is a week away 6. JP Morgan is long some 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since the quarter changed And so the trade setup is simple. Don't try to buy the dip. The dip can't be bought. Instead sell a rip back to the $158 pivot Buy long duration puts Sit on your hands and go outside Take a girl on a date Listen to music and have wine with her Tell her that her hair is pretty Come back a few weeks later and roll them out Rinse, repeat until $99 Good luck, my friends. It's time to stop listening to the Internet and social media machine. People with low follower counts and low traffic can tell you the truth, but the big dogs are promoted because the purpose is to use you as exit liquidity lol.
NYSE:WMTShort
by LordWrymouth
1
BBY Best Buy - A Ripe Opportunity for 50%Best Buy is a company that I never liked. However, recently I had to deal with them and found that the stores are in much nicer shape, the inventory is much better, the web experience is actually pretty clean, and moreover, at least here in Canada, there's actually nowhere else to buy electronics. They pretty much have the market cornered. What I found is that while prices were low because consumer spending is in the toilet, inventory is also low because China has been smashed up pretty hard by the Wuhan Pneumonia pandemic, and the situation with Xi and his Chinese Communist Party is likely to get a lot worse before it even begins to try to get better. You have to be careful with equity longs over the next 4 months, especially the more bullish it gets, because the Chinese Communist Party's collapse is the big black swan that nobody believes is coming, but that the US and Wall Street seem to know is on the way. When the calamity unfolds, a lot of things are going to change in the world. No human beings are really prepared for what is going to happen. Humans and governments always make their plans, but reality always gets the last laugh. What this ultimately means is that for the electronics sector, demand should increase because we're heading into the spring and summer months of the North American markets, but supply will be low because the guys who were making things have been disrupted, and in the worst way. In other words, we're looking at a bullish impulse inside of prevailing bearish conditions, which is the premium short setup. But often the best short setups are precluded by outstandingly easy long setups, which is where we're at with Best Buy. I currently believe that since the prevailing narrative across all markets has been so bearish for so long, that we're about to get a bear trap that will see equities and indexes dump rather aggressively, because everything is about to go off hard to the upside. I believe that the real market crash will begin to unfold somewhere around the end of July of this year, and in the meantime, markets are going to pump while Wall Street gets positioned on the real "Big Short." So for Best Buy, there are some nuances to the chart that's been setup. One is that on the monthly bars, the price action can only be described as unclear. COVID and October lows have never breached or even touched the long term trendline, and yet there's an unbroken double bottom at $49. While double bottoms normally give me a big reason to believe they're about to become a magnet, I think that going from $86 to $45 in the next few months is just really not the most likely option. On the weekly bars, we get a much more lucid situation: Weekly, Best Buy is still trading well below equilibrium of the range measured from the ATH to the October low, and under the 200 DMA. None of these are bullish factors, but we also want to buy weakness when going long. In terms of upside targets, Best Buy has an enormous gap over $116 that was never touched on the way down. Instead, the MM algo left a spike candle at $112 and proceeded to dumpster it. Both of these areas become targets to aim for on a long trade. On the daily candles, recent price action was clearly a breakout play against the 200 DMA, with the recent FOMC rate pump activity being a re-raid on the August of '22 highs. This means I expect a pullback near the lows, primarily because price algorithms like to return towards lows after taking big highs during news drivers. But I feel it's also very obvious on Best Buy because there's a nice fat gap under the equilibrium between October lows, the recent highs, and the daily 200 DMA. Upside from the $75 area to the $115 gap is 50% and the time horizon is roughly 3 months. Stop out if it sets a new low. Good luck, and don't get caught being afraid on coming price action. Even more importantly, don't get caught being greedy if markets start to pump. Humanity will soon face an enormous tribulation that will be hard to pass. More will be at stake than trading accounts.
NYSE:BBYLong
by LordWrymouth
4
USDJPY - Trade Setup that Matters !Hello dear fellows, thanks for your Love and Appreciation that i am receiving since i actively publish trade ideas again. It has been long time since i posted the Weekly Trade setup. SO , here is my coming week's Trade Setup which i will be actively watching and might share with you when i will be in this trade . ( PS : i am not an artist so you guys never see my charts full of colors or lines or indicators or Artwork. i always like to publish simple charts so everyone can understand easily ! ) Trade with Strict Risk Management and this will be not your Last Trade so do not attach to it emotionally!
Long
by iTradeForexZH
3