2waytrading

Double Bottom (Bullish)

Long
BATS:BBY   Best Buy Co., Inc
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FYI the company will report its earning on Feb 28 2013. This bullish pattern has a measured move of 20% from today's close upside. A pull back will be a good opportunity to enter this trade. If it ever pulls back to 13.60 area or even below would be nice. If you decide to take a long position from here make sure that you make your stop loss at recent swing low 11.20 with target price $18. Join us http://www.woowtrading.net

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