Can best buy breakoutHas been trading sideways for over a year now. Has alot of momentum going into this test . Long over 125 stop loss 123 Short below 121 stop loss 123.50by ContraryTraderPublished 334
Best buy / falling wedge breakout I usually take price upgrades with a grain of salt especially when they come out at a stocks ATH but this 140$ price upgrade from piper came in on the low end of Best buy Demand area. Volume bump was huge. 1st TP here 117.42 .. from there, let's seeLongby ContraryTraderPublished 112
Best Buy Ponzied - Made in ChinaJust like Amazon. Oh well. Buy Buy Buy. Poggers hold for broke. Welcome to hybrid Kworld.Shortby EpicEconomicsPublished 0
Best Buy may be heading down near-termBased 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 112.54. If this instance is successful, that means the stock should decline to at least 111.3 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 4.2515% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 8.478% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 15.7105% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 3.0 trading bars; half occur within 13.0 trading bars, and one-quarter require at least 25.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. At the time of this publishing, the stock has already reached the top of the small red box and may be in the early stages of the short-term forecasted decline. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).Shortby StockSignalerPublished 1
BBY DailyNYSE:BBY broke the top trendline and now all 3 EMA's (5, 20, 50) are turning up together. Also had a small triple bottom.Longby TechnicallyCorrectPublished 3
BBY pt 120BBY 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 125.60Longby jUiCE_TradesPublished 2
BBY - PT 142Have 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 Longby MarketMotionUpdated 221
BBY Bestbuy Trades to watch for this week #1I 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 away from the trendline and then come back to it. When it repeats the Step 2, that's your trigger to get in. Step 4-Make sure you have at least 30 days on whatever option you are picking. Step 5- Try to pick a strike price that is at least the last previous High or the top of the candle after a gap down. (AkA in the money or slightly out of the money no more than that.) if you have any questions please feel free to comment below on whatever it is and I will be sure to answer. If you aren't asking questions you aren't learning. by iCantw84it 05.24.2021Longby iCantw84itPublished 665
BBY Could Move With Other Black Friday Stocks.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.Longby erikagigyeUpdated 1
BBY: Strong Base as Best Buy Beta Rolls OutWith 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 paradigm shift in the country towards entrepreneurial work. Wouldn't mind keeping this one around, especially seeing it's relative strength against the retail index (XRT) starting to pick up and potentially breaking out. Longby Fox_TechnicalsPublished 0
BBY ShortSupply 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. Shortby PlanTradePlanMMUpdated 1
$BBY 04/18/2021$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. Longby IAmNotUncertainPublished 0
BEST BUY - IN WAVE 5Based on Elliott wave analysis, BBY is on its final uptrend wave (5) of wave 5 of its current uptrend cycle. Projected target to hit end of wave 5 is at ballpark value of USD148.7 before starts its ABC correction. But do expect another 5 waves uptrend cycle after ABC correction. Happy trading!by AmazeOptionsPublished 1
Best BuyFeeling about this one. Price broke out of downtrend and is testing resistance. Strike Price: $114-$120 What do you think? Like, Follow, Agree, Disagree Longby Redimere_91Published 2
$BBY with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for $BBY after a negative under reaction following its earnings release placing the stock in drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us. by EPSMomentumPublished 0
Head and Shoulders on Daily with Bearish Engulfing Under 200MAWe broke the neckline lets see if we get a dump from here.Shortby RizeSenpaiPublished 2