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askob
Jan 6, 2021 1:28 PM

BBY Correction Wave Prediction 

Best Buy Co., Inc.NYSE

Description

I think we see short term upside to the 110 resistance area before it makes its B-C Wave correction to fill the gap below.

There is a bullish divergence on the rsi vs the chart which points to shortterm upside

In 2 instances on the lower lows, when a support area is hit buying volume picks up for that day.

Volume is also declining, and eventually will break out.

TLDR: Short term uptick in price before a final drop to fill the gap below
Comments
sammc247
WEll this aged quickly hahaha Great call
jtmurray97
terrible take
Investroy
Awesome breakdown, have you opened a position for this one already?💶
askob
@Investroyllc, yes I bought in some pm, will also probably scale in throughout the day if it holds up
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