Bestbuy
It looks like we should have short term rally. RSI is way oversold. MACD is still bearish and the long term trend is bearish. This is not a company you want to hold in an economic downturn.
Key Points
- Long Term Support is $48 area.
- Citi Downgraded BestBuy $65
We see a short squeeze after Citi's downgrade as expected. Regardless the market is in a downtrend.
Key Points
- Long Term Support is $48 area.
- Citi Downgraded BestBuy $65
We see a short squeeze after Citi's downgrade as expected. Regardless the market is in a downtrend.
Trade fermée manuellement
Price target moved as predicted, the spike upward and the target of 
66 before rising. As always, my disclaimer is, we can't predict the Fed money stream. The economic data says lower, but the Fed printer says higher.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.