Best Buy Co, Inc

Best Buy Co, Inc

 

Best Buy Co, Inc. is an American multinational consumer electronics retailer.

The price has just broken the channel and has the potential to move up. It is also being squeezed into an ascending triangle in the 1H time frame. 

By breaking the upper trend line of the triangle, we can enter the position.

Summary of analysis and signal : 

Active

Entry point: 98.5

stop-loss: 95

Take profit 1: 104

Take profit 2: 115