Price is approaching a critical level that if broken with strong volume upside, suggests DB measured move achievable. If you are in this trade congratulation. If not consider long above 16 with target price $18-$20 make your stop at the breakout upside level $14.50. Join us www.woowtrading.net
Price is approaching a critical level that if broken with strong volume upside, suggests DB measured move achievable. If you are in this trade congratulation. If not consider long above 16 with target price $18-$20 make your stop at the breakout upside level $14.50. Join us www.woowtrading.net
FYI the company will report its earning on Feb 28 2013. This bullish pattern has a measured move of 20% from today's close upside. A pull back will be a good opportunity to enter this trade. If it ever pulls back to 13.60 area or even below would be nice. If you decide to take a long position from here make sure that you make your stop loss at recent swing low...
Best Buy (BBY) is WASHED OUT at these levels. I see a LOWER-RISK opportunity to go LONG now. Why? If Best Buy (BBY) didn't fall on Thursday when the indexes took a beating of 5%, then the sellers are tired here. There are plenty of sellers up at $28 to $32+ (see large green box from April thru July), so I am not expecting anything much more than to test this...
