Starting a position with $BBYHolding support at the 50-day MA, we want to see it takeoff and bounce from here. Need to be wary of future red days in the market, could take this stock down with it and ruin the patterns we are seeing forming. Riskier pick as we are getting real tight to the support level. Nice oversold values, bounce is coming, question will be when and for how long.Longby notilttradingPublished 1
BBY Best Buy wants to test the fitty day tooConveniently lines up, 61% retracement of most recent big league move, previous gap up level with the dashed line. Plus it’s fitty day moving average territory. Might move a little higher in the meantime after a couple more boring days. Then on to mr fitty day 50 DMAby TraderCapsPublished 2
Ya best buy Best Buy.Re-test of long-term trendline. Stochastic RSI bottomed out. Possible double bottom. Daily price action making higher lows. Wicks on the past two daily candles show buyers are on the sidelines. Q4 is historically strong for BBY. Good old Black Friday. A break below the long-term trendline would signal an exit point. 5% downside potential. by SpektreSignalPublished 0
Falling from Rising Wedge Gap belowBBY had quite a run Did not hit target of prior C&H but has been in a rising wedge for a long time. Rising wedges are long term patterns but in the end are bearish It has broken bottom trend ling of the rising wedge and there is an unfilled gap below which may possibly provide support. Top of gap at 95.5ish but can simply dip in to the gap in with the tail of a candle, rebound at the gap, go lower, or never get there. Just a spot to watch is all Break out from C&H was approximately at 92.5 and cup bottom is 48.11. So 92.5-48.11= would be 100% target of the C&H pattern. Unfortunately the rising wedge and possible market conditions may cause a fairly deep pull back Not a recommendation...just watchingby lauraleaPublished 1
Either a bullish flag or a grave trap.Markets open with a new outlook as Best Buy retracts as bears win vs bulls. Markets will pick up towards the holidays. Plus, things are heating up quite a bit. The opening bell will either follow a crashing index drop and likely more cascading. In the odd event that does happen, it would be unfortunate to long. Shorting was more profitable prior to the likely prices Monday. by yourkardashianPublished 0
If I could tell you...I see 2 possible scenarios ahead. Unfortunately, both of them contain a correction before heading higher. >First scenario: The zone between R1 and 23.6 Fib level holds, which is also midterm support. In this case, going long could be rewarding. >Second scenario: 23.6 Fib level will break, then short it before going long. Short price target: 91.76by benedekdomotorPublished 1
BBY- Not adviceI'm thinking when BBY reports it will boom and then crash. Earnings should be good for them, but, it's so overbought right now its insane. border line blow off top right there today. Purely speculationShortby MichaelMFPublished 442
BBY Correction after earnings then bounce off 50-dayBest buy has a bullish run. Earnings on 8/25 should be strong, however, the price probably will correct and return to the 50-day.Longby mistrykamPublished 0
Best Buy (BBY) Fib Extensions - LongBest Buy has been on a tear, as long as this last push upwards was not a false bull trap, we should be able to hit the 1.0 Fib Extension, possibly the 161.8% We have 2 colors (purple, and blue) which represent short term (blue) and long term (purple), we can use those to find resistance zones and potential sell offs.Longby ShwayzePublished 1
BBY has been too hotFirst target will be 99-100, then see if it gets support from there. If no support is found, then I'll be looking at 91-92 the previous ATH back in Feb-March before the drop. Otherwise 90 for the full gap fill. This is what I expect unless the EMA's can offer some support sometime soon. But with an RSI of 76 and a MACD ready to flip 99-100 is the least I'd expect before it gets pumped again.Shortby MichaelMFPublished 0
BBY BY OR LONG , TARGET UP TO $125BBY confirmed to surpass the old peak with (Big Gap) support right on the old peak (can be considered as SHS) . BBY buy : $96.69 BBY target : $125 +-2 Stop loss : $88 or 10% Wish you good deals!Longby VictorStone99Updated 1113
$BBY Best Buy Breakout Potential Possible Long entry on break above 2 year trend-line (blue) Targets $100 - Key psychological Resistance $110 Fibonacci Expansion zone. Volume increasing and Indicators Bullish PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.Longby BullishchartsPublished 2252
BBY is the next GME: SHORT!!!I had the "pleasure" of walking through a Best Buy today(/s): -Although I was slightly impressed by their revamped sales floor/merchandising updates(definitively a very expensive refresh); their limited 2 week refund policy disappointed me compared to the industry standard(>30 days). -I walked past several "associates" who either avoided eye contact, or quickly changed direction. -One employee that I was able to track down, who was unshaven and had a unique oder, came off condescendingly when answering a question: as if I insulted his intelligence by asking him for clarification. -I am able to recall a very similar experience when questions about the SONY & MFST consoles (Xbox/PS3) in my local Game Stock (GME-2012). This company is a DOG--- and should be trading at no more than 25 by 2023. If you scan any UPC and look for similar items (AMZN,COST,newegg) - you can find the same quality for 15-20% less. Maybe the uniformed consumer will keep them afloat for 12-18 months; but at the very least, please don't carry a long position in this!!Shortby NorthShoreTechPublished 117
BBY: $88 Short Target because Post-Covid Shopping + DemandFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few insights. Best Buy is expected to have a positive continuation of its recent uptrends, and I have it on my watchlist. Currently, I am bullish on the supply and demand curve getting fixated and that it could hit an $88 price target quite soon. I also think it has some long potential as well, so I am ranking this a long.Longby gamer456148Published 3
BBY doughAnalysis done on 25/05/2020 Fundamental → 20 & 40 SMA sloping up → 20MA > 40MA → Low of daily bar touches 20MA or goes below 20MA → Close above 40MA Awaiting buy trigger → CCI <-100 Pull trigger → Buy 1 bid above previous day high → Sell 5 bars later exclusive of initial bar Stop Loss → 50% below price bought I personally feel that this is a good swing trade; can consider buying 1 bid above previous high and close and take profits 5 bars later.Longby ckling99Updated 6
BBY potential buySupport being tested, if BBY crosses EMA (blue line) = buy. The overall direction is bullish, MACD showing signs that it's done dropping. Longby RBNTradingUpdated 5
PAY To BEST BUY DailyHey people, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. BEST BUY is in a bullish configuration creation it is possible that this returns Please LIKE & FOLLOW, thank you!Shortby stephanelibatdPublished 6