2waytrading

Inverted Head and Shoulder Bullish

Long
BATS:BBY   Best Buy Co., Inc
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The stock has been trying to break above $16 last few months, and it seems now ready to push above the base. The price formed what looks head and shoulder's bottom which is a bullish pattern that has a measured move to $21-$21.50 next few weeks. If you are not already in from previous bullish alert below $14, you can wait to see if it can go above $16.99-$17.20 to trigger long position or wait a pull back to 16.55. Make your stop loss at the lower point of the right shoulder $14 with target price $21-$22. Join us http://www.woowtrading.net where serious traders come and trade.