Reallifetrading
Short

BBY potential swing trade

NYSE:BBY   BEST BUY INC
Nice bearish retest gap. EMA's are bearish . $28.50 was a strong support. That's been broken.

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mdsuchomel
10 months ago
Jerremy - loving the videos and analysis, truly enriching my life. Not sure if you entered this trade according to the setup, but looks like it may have stopped out. Do you think this is still a rollover to the downside - looking to enter below 26.90. Is the rest after battle too bullish to go short now? I figure BBY is still below the resistance line, tagged the 20 EMA, covered the gap and dropped. Thanks
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Reallifetrading PRO mdsuchomel
10 months ago
YEP! Little pesky bugger stopped me out by a few pennies. HAHA. O well. WOW! 26.90 trigger. Nice! Yes the 20 ema is working as a nice resistance. No clue if BBY works. It stopped me out on two trades recently. Apparently it doesn't like me right now. Therefore, I'll be leaving BBY alone for just a while. However, hopefully you have a better trade! Here's my analysis on the hourly.
snapshot
It also might be better to short this one again, as / if it pulls back into that gap off the 20 ema on the daily. Regardless, YOU HAVE the edge right! That's the first step. YEA!
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