MakoCole

Potential Long Entry For Best Buy

Long
NYSE:BBY   Best Buy Co., Inc.
BBY 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.