If you haven`t bought BBY here: Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week, I would consider purchasing the 70usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $2.72. If these options prove to be profitable prior to the earnings release, I would sell at...
1.5 year side way range Support 62 Resistance 86 Break of S means 49 Break of R means 106 Price below POC
If 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...
It looks like we should have short term rally. RSI is way oversold. MACD is still bearish and the long term trend is bearish. This is not a company you want to hold in an economic downturn. Key Points - Long Term Support is $48 area. - Citi Downgraded BestBuy $65 We see a short squeeze after Citi's downgrade as expected. Regardless the market is in a downtrend.
NYSE:BBY looking to break the 200 for a potential short. Watching NYSE:BBY this week.
Hi viewers, BBY technically watched here now expecting new bullish push TP1:90 TP2:93 TP2:96
BBY is gearing up for a large move. One direction or another the move BBY is cooking will be nice and quick, with follow-through hopefully into the next week. On the left we see that BBY has completed a double bottom it's almost textbook. I suspect we will consolidate into tomorrow afternoon on BBY. The daily chart seems to confirm this with a similar double...
Adjusted my waves on BBY. Still foresee a flat C wave with my last post. I'm looking for $83-$100 zone for end of C wave. I'd possibly look to go short if price breaks below this expected area. Not financial advice.
Looks like we may be coming down from a C wave. If price action moves down, could confirm for me that we are ending the formation of zig zag C wave. RSI looks overbought on this time frame. Just gathering thoughts and looking to see what price action forms. Not financial advice.
Looking at the BBY Best Buy options chain ahead of earnings , i would buy the $73 strike price Calls with 2022-11-25 expiration date for about $2.79 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
It's high time we accept the new reality of the inverted reality. The week of July 25th was perhaps one of the most volatile in a long time. Why? We had CPI report, earnings, and Fed Rate Hike. What did volatility indecies like UVXY do? They sold off. It doesn't take too much logic and common sense to see something egregiously fraudulent is taking place when...
What is the short interest in consumer electronics retailer Best Buy (NYSE: BBY) ahead of its second-quarter financial results on August 30? On the last trading day, Best Buy had roughly 12 million shares in short interest, reflecting 5.97% of its outstanding shares. By midday Aug. 19, 5.5 million Best Buy shares are available to be shorted, according to...
Best Buy Trend: Below 50,100 and 200 EMA Positive ADX, DI below 20 Trend seems to be weak Macro impact: Consumer cyclical stock are not a good buy Inflation impact on consumer purchase High interest impacting credit buying Recommendation: Wait for price to cross above the resistance @ 97.96 for re-assessment
BBY has broken above and then returned to 4.618 as a support point Price points in gray rectangles are very similar with their interaction with 4.618 Bullish continuation is very likely
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.
Flat pattern, daily frame. Move up lately may be the beginning of the uptrend. Good luck!
$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
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...