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LeLaf
Aug 24, 2014 2:29 PM

BBY Double top in formation, reversal? 

Best Buy Co., Inc.NYSE

Description

Double top sillt forming. Waiting for confirmation or 29$ line break to short
Comments
LeLaf
Still waiting, no position. The bullish signs are covering the bearish double top.
LeLaf
Humm, showing bullish signs. Not convinced of anything for now. Waiting.
LeLaf
If tomorrow the downtrand continues, will short it.
LeLaf
Evening star formed. Will most likely continue down trend tomorrow. If it breaks 29$, will most likely continue down until 26,45$.
LeLaf
With earnings scheduled for Augist 26th (tomorrow), we will see if the double top becomes a double bottom and shoots up instead of down. Will know in the morning.
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