BBY: Sort opportunity
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
BUY trade ideas
TRADE IDEA OF THE WEEK IN BEST BUY (BBY)Our trade Idea of the week is in Best Buy! It has some nice consolidation and is beginning to fire out of a daily squeeze. We believe that there is a good chance for the price to move to new highs!
We will have a smaller position just to take into account the recent volatility so that we do not get stopped out of a winning trade if we can control it!
Best of luck!
BBY Breakout?BBY does not seem to want to break over that 60 mark. Indicators plus technical analysis showing a short might be appropriate for the long term if the price bounces back from this resistance point or a long if it decides to break over that 60 mark also the bull flag formed starting May might be a good indicator that this thing is ready to break out