TraderMD
Short

BBY after earning... will it hold up?

NYSE:BBY   BEST BUY CO INC
BBY             still has to hit L3 marker for the HVF to complete. So there is a strong probability for a short setup. In contrast, there might be a possible Long 123 setup forming down the road as well. For a long position, entry might be @ prior resistances level round 35. 44             , otherwise if price action compromises support then further downside is expected. Note that 32 price level could be another entry point for long entry into a 123 for the 2nd wave. The narrative for BBY             is bullish especially now since they finally seen an increase in online sales vol             . But without any further research proceed with caution for the bullish narrative to change. Lastly technical analysis and outlook is subject to change, as indicators, patterns continue to develop and become more significant. Hence my analysis may be too early.
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