14.04.2016 - Shares of Best Buy may continue to fall after the correction

Price of Best Buy has shown sharp growth within the local downtrend channel and reached the resistance at 32.17. In case of continuation of the upward movement and overcoming these levels, we expect continued growth of price up to 34.00 and 35.75. At the same time, we do not rule out the resumption of the negative dynamics of price within this channel with the first targets at 29.00 and 26.00. Our medium-term is negative, and we are waiting for the signal to open new positions.

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