Long just-before or on 20th November 2018 Earnings Release Date
The last time BBY was in a downtrend with earnings release was 16 Nov 2017. 4-weeks after that the stock was higher; this was the case even through earnings per share was a miss (0.78 versus 0.79 consensus).
This time, expect an earnings per share beat for 20 Nov 2018.
Long at or around $68, Hold until $80 the resistance of current channel. Hold position until Christmas 2018.
This time, expect an earnings per share beat for 20 Nov 2018.
Long at or around $68, Hold until $80 the resistance of current channel. Hold position until Christmas 2018.
JC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.