After a 27% decline, 
BBY just printed its first LongWave phase since earnings changed the picture.
The stock spent months moving lower before building a double bottom near $55.
Last week's earnings reaction pushed price back above the moving averages, and the EMA structure has now turned bullish again.
The LongWave phase is now in place.
The next question is whether price can build on this momentum and eventually develop into a valid setup.
BBY just printed its first LongWave phase since earnings changed the picture.The stock spent months moving lower before building a double bottom near $55.
Last week's earnings reaction pushed price back above the moving averages, and the EMA structure has now turned bullish again.
The LongWave phase is now in place.
The next question is whether price can build on this momentum and eventually develop into a valid setup.
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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.
If you want to know more and receive updates, follow me tizycharts.substack.com/
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.