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.
Trade closed manually
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Price target moved as predicted, the spike upward and the target of HKEX:66 before rising. As always, my disclaimer is, we can't predict the Fed money stream. The economic data says lower, but the Fed printer says higher.