MichaelMF

BBY has been too hot

Short
NYSE:BBY   Best Buy Co., Inc.
First target will be 99-100, then see if it gets support from there. If no support is found, then I'll be looking at 91-92 the previous ATH back in Feb-March before the drop. Otherwise 90 for the full gap fill.

This is what I expect unless the EMA's can offer some support sometime soon. But with an RSI of 76 and a MACD ready to flip 99-100 is the least I'd expect before it gets pumped again.
Clause de non-responsabilité

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