HISTORY WILL REPEAT ITSELF?!WHEN PEOPLE ARE IN FEAR, YOU BUY!. BBY has done this in the past, who would take this risk reward ? Nice dividends, nice chart, nice PE ratio, no sign of bankruptcy and last but not least 3YOY revenue growth. Longby AbdullaKhaledPublished 2
16/5/2022 NYSE BBYDesicion to Short. Entry Price = $85.07. Target Price=$81.82. Stop Price=$88.32.Shortby Airecap_SuperPublished 0
Short BBY @ 91.96. Fractal breakout.Entered short position on BBY on apr 22 with a fractal breakout to the downside and a sleeping alligator. Adding if price breaks the weekly fractal of 88.51. Stop loss is the daily Balance Line (red, if price closes above the Alligator's teeth). Target, as usual is defined by the market, whenever the trend ends.Shortby ownsovPublished 1
$BBY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish Neutral outlook for $BBY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%. Longby EPSMomentumPublished 0
BBY | GuidanceJournal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Motivated🚵♂️. Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: ... Position: Short term day trade. Notes: ... Barron's Company Overview: www.barrons.com . Other: ... Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry. About the Security: "Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment includes operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, and Pacific Sales. The International segment is made up of all operations outside the U.S. and its territories, including Canada, Europe, China, Mexico, and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN." Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I do strive to build an esteemed reputation and plentiful following, I also strive to earn the title as a Tradingview pinescript Wizard and Top Author. About the Author: I'm a financial scientist and my contributions offered to the community are apart of my scientific journal or goodwill to mankind. With that said I think it's prudent to make two things clear; (1) I'm not a Wall Street retailer, I'm not trying to sell you products or services (2) I'm not a Wall Street advertiser, I'm not trying to market the purchase of securities to you. Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.Longby UnknownUnicorn28743597Published 2
10/3/2022 NYSE (BBY)Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $101.85 Target Price: $104.10 Stop Loss: $98.10Longby Airecap_HyperUpdated 0
Best Buy Co IncSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby SunstorminvestPublished 0
Earnings watch 3/3 pre-marketEarnings watch 3/3 pre-market: BBY KR CNQ BJ CPG BILI TD BURL BIG TGLS Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator 3TV - 3x volume test www.tradingview.com by Options360Published 1
BBY This has held support between95.20-94.77 multiple times. It looks to be in a symetrical triangle or descending triangle. Resiatnce at 100$. Honestly I’m looking to see a bullish move to the upside sooner the. Later stops below 94. Watch for 101$ breakout Longby ErictaylorPublished 1
BBY Possibilities 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. by StayoA1Published 110
Short BBY @ 100.07. Fractal BreakoutDaily has a closed mouth and yesterday had a fractal breakout. Although opening higher, the daily bar looks like a divergent bar to the downside. Opening the initial lot (blue light special), with a tight stop loss (the Alligator's teeth).Shortby ownsovPublished 0
Best Buy - potential upside 50%+Flat pattern, daily frame. Move up lately may be the beginning of the uptrend. Good luck!Longby UnknownUnicorn3382580Updated 110
Long at these lebelsLooks like the perfect time to buy. Get in some shares or 2-3 months call options. Longby UnknownUnicorn15475986Published 0
Best Buy USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby SunstorminvestPublished 0
BBY Is the Best BuyMy brothers and sisters. Great buy opportunity on technicals AND fundamentals. Undervalued and primed for a bounce off support. Worth considering! Loading on callsLongby CaseySprengerPublished 441
$BBY rebound opportunity potential ~12% to 20%$BBY setup idea. Looking for confirmation of staying in this channel (between red and green lines). Breaking the bottom channel would open heavy downside. Adding a stop loss under bottom part of channel. Bullish PT: $114 to $120 Bearish PT: $78 to $88 Longby ZephyrFinancePublished 2
HUGE BUYING opportunity on Best Buy (BBY) for a move up to $150 We've just opened a LONG position on $BBY using 5.38% of our equity. Fundamental Analysis Best Buy's (NYSE:BBY) latest earnings report delivered better-than-expected results and signaled that the company’s business remains remarkably strong across all segments. It was expected to spark investors’ interest considering the fact that we usually see an increased demand for the retail stocks heading into the holiday season. Sales trends beat expectations again thanks to strong demand in both the online and in-store channels. What’s even more important is that the profitability of the company increased again despite the rising supply chain costs that the senior management has had to battle with. Both, the company’s CEO – Corie Barry and Best Buy’s CFO – Matt Bilunas confirmed for a 3rd consecutive time this year their positive outlook for the huge growth opportunities ahead for the business. So you might be wondering - “Well, if the earnings report was so great, why has the stock sold off so dramatically?”. The thing is, it’s normal to be confused as in reality it does not make any sense for the average person. However, as trained market professionals we have the ability to dig deeper and apply a multi-varied analysis to a situation like that in order to find out what is really going on and if the selloff like that is not actually an opportunity in disguise. What tends to happen very often on Wall Street is – when a certain company continues to deliver better-than expected results and raises its guidance quarter after quarter, then this reaches to a point when analysts, investors, journalists, fund managers etc. become overly bullish on the stock and start placing unrealistic expectations for the future growth of the company. It’s all sunshine and rainbows until these expectations become completely detached by what’s actually possible to be accomplished by the company. At one point the positioning in the stock simply becomes heavily one-sided, and a seemingly good earnings report and/or announcement by the company can become the trigger for a massive selloff in the stock, just because it was not "good enough", even though the business is solid, the stock is attractive and the future for the company is bright. That’s exactly what we are seeing happening right now with Best Buy’s stock BBY. Following management's delivery of the report on Nov. 23, Best Buy share prices slumped immediately by more than 10% due to traders' unjustified fears that the boom times are ending for the retailer. Even if conditions for the retailer are going to shift, however, that's not likely to derail Best Buy's ability to deliver strong returns. The recent post-Q3 earnings selloff is heavily overdone and investors are unjustly punishing the stock. The business is strong. Revenues are increasing. The earnings continue to grow. The Senior Management has been outstanding in capturing the surge in online shopping and establishing a leading position in the sector. New services with a relatively high profit margin like the Best Buy Total Tech Support powered by Geek Squad are offering a unique solution to the tens of millions of people who prefer to work from home, thus opening a whole new subscription based revenue stream for the company, which is definitely going to drive the company growth for the years to come! Technical Analysis From a technical standpoint, the stock managed to break out of its 18-month sideways channel on the daily chart in early November, 2021 as a result of the great business prospects for the company and it’s strong financial performance. After breaking above the strong horizontal resistance line lying at the $121.49 level (black horizontal line), the price rallied all the way up to the $142 mark, thus setting a new all-time high and also recording a remarkable 40% rally in less than 4 weeks. The optimism in the stock reached its peak level right before the company announced its Q3 Earnings report, as it seemed that investors already knew that the stock has substantially overextended to the upside and that a correction was imminent. We saw a reversal daily candle (shooting star) on Nov. 22Nd, which confirmed the shift in the market sentiment. The crash that followed was mainly driven by one-sided positioning and over speculation by market participants. The current corrective movement has brought the stock back down at the lower end of its prior multi-month sideways channel and we expect buyers to start coming back into the stock at these levels. All three key market indicators that we use RSI, Bollinger Bands and the Stochastic oscillator are showing that the price is extremely oversold and that a normalization of price action is imminent. Our analysis shows that the stock will return back to its all-time highs of around $140 in the next 2-4 months and will potentially push higher towards the $150-175 region. This presents a tremendous opportunity for generating more than a 30% return on our investment in the company. Follow us on eToro for more detailed market analyses, profitable trading ideas and a consistent portfolio performance! Kind regards, @DowExperts Longby DowExpertsPublished 3
Potential Long Entry For Best BuyBBY recently broke out of a long standing channel into this most recent earnings report, after which it experienced a significant price drop. However, this drop was still not enough to push price outside of its pitchfork channel, validating support and leaving a huge gap to fill. Paired with an RSI bottom on the 1D chart, this be an excellent setup for a long position.Longby MakoColePublished 0
$BBY - Holiday Season$BBY - looking for this consolidation range to finally break as we head into holiday season. $142 upper end price target Longby ABCTradinUpdated 1
BBY Fib Retracement and Prediction BBY had a heavy drop for earnings on Tuesday. I was lucky enough to have grabbed some lotto puts before close and ended up making 600%. After that, I added $125 calls 12/17 around the $117.50 area at 1.95 once I saw a reversal confirmation and that it was bouncing off the 200ma on the daily. What I expect to happen tomorrow is BBY to push up to the 124.38 area and then go back down from there. If I see it resisting at the fib, I will sell my calls for profit and switch to puts. If it is able to break 124.38 and the mental barrier of 125, I will continue riding my calls until I see a reason to exit. by JamesLegendsPublished 1
BBY better view Last view of this idea was hard to see, this view is easier to see prices. see last post for reasoningby Davis_StocksPublished 0
BBY breakoutBBY has been testing the drawn resistance level a could times now, if it is able to break and close above that level. I would expect it to run for a bit to the upside, considering the holiday season and black friday is approaching. BBY stock always has a run during this time of yearby Davis_StocksPublished 0