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BBY

GME Bearish Flag formingLet the trolls begin lol. To be real the volume has completely dried up since Jan on this stock. It makes sense since its trading at 200+ dollars and trading as high as some really good stocks like SQ and FDX. Others went on to other meme stocks that are much cheaper to trade. The average guy can no longer afford to buy up here and possibly lose his/her money due to the insane volatility. My guess is the only people pumping this stock up here are whales that still make alot money off of this and the average retail traders who are completely in love with this stock. I get it. As far as the chart goes, I currently see an oversold situation in the hourly chart which creates the E part of the corrective wave (230ish) then finally come falling back to (153ish) in the .618 fib retracement which only makes sense as its also a trendline support. Stocks or Stonks, it finds a way to retrace back like the January high then a fib retracement of 1 due to the magnitude of the climb. I wouldn't be surprise further down the line it replicates the move up from Feb but in the opposite direction and finally settling back around 66ish area. Dont hate the chartists, everyone is entitled to an opinion or you're just a pig.
NYSE:GMEShort
by CTRLZEEE
10
Don't like memes, a big play on AMCAMC made a huge run up to 70s but now needs to correct the leg that pushed it up. It is currently working on a descending triangle formation that will eventually lead to a proper fibonacci retracement near the low 30s which will most likely fill that gap up before running back up again. There is a huge possibility this can hit not suprisingly (meme) to 100 if it fills that gap. I would go short in near term but long when it comes down to my tgt near low 30s.
NYSE:AMC
by CTRLZEEE
3
BBY Bestbuy Trades to watch for this week #1I am going to post about 5 trades or more to watch for every week. Rules are simple. Step 1-Watch price action wait for it to respect the trendline...Preferably the bottom trend line. Step 2-When price stops, bounces, wicks back up over the trend line. That would be your first sign to get in. Step 3-If you are more patient or skeptical, wait for price to move away from the trendline and then come back to it. When it repeats the Step 2, that's your trigger to get in. Step 4-Make sure you have at least 30 days on whatever option you are picking. Step 5- Try to pick a strike price that is at least the last previous High or the top of the candle after a gap down. (AkA in the money or slightly out of the money no more than that.) if you have any questions please feel free to comment below on whatever it is and I will be sure to answer. If you aren't asking questions you aren't learning. by iCantw84it 05.24.2021
NYSE:BBYLong
by iCantw84it
6
BBY - MACD Crosses OverHey Traders, Best Buy has been having a nice bullish run. Best Buy's price for the past 8 days has increased by 5.5% . Furthermore, today the MACD indicator provided a bullish crossover. Typically, when the MACD crosses over the signal line, it is a bullish indication and when the MACD crosses below the signal line, it is a bearish indication. Let's see if it can break past $120 per share since that was a key level where price dropped a few weeks back. If it does, we might be looking at an extended rally. Options on BBY have been quiet, so its only technical analysis for now. REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.
NYSE:BBYLong
by UnknownUnicorn6775423
1
BBY is the next GME: SHORT!!!I had the "pleasure" of walking through a Best Buy today(/s): -Although I was slightly impressed by their revamped sales floor/merchandising updates(definitively a very expensive refresh); their limited 2 week refund policy disappointed me compared to the industry standard(>30 days). -I walked past several "associates" who either avoided eye contact, or quickly changed direction. -One employee that I was able to track down, who was unshaven and had a unique oder, came off condescendingly when answering a question: as if I insulted his intelligence by asking him for clarification. -I am able to recall a very similar experience when questions about the SONY & MFST consoles (Xbox/PS3) in my local Game Stock (GME-2012). This company is a DOG--- and should be trading at no more than 25 by 2023. If you scan any UPC and look for similar items (AMZN,COST,newegg) - you can find the same quality for 15-20% less. Maybe the uniformed consumer will keep them afloat for 12-18 months; but at the very least, please don't carry a long position in this!!
NYSE:BBYShort
by NorthShoreTech
1