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...
Fundamentally love the company. Technically- looking to get a bounce to at least 140.
I'm no genie but this looks TOPPY... I was short this 200 pts ago...
No one has a crystal ball... but technically speaking FB is poised for hard correction. Their only "saving grace" is Instagram. 170 by AUG.
Amazon is the benefiting the most from Co-Vid 19 and should be the strongest FANG at the moment. Scary candles, high put/calls, red volume and overbought. Interesting to see technicals and qualitative data disagree. Looking too Short to 2300 and take a long position afterwords.
MACD, RSI and price action indicate fall through 300. Next major support 275 (mid july target).