15.06.2015 - We expect strong price movement of the shares of Best Buy

Quotations of Best Buy continue to move within the downtrend channel and at the moment the amplitude of price fluctuations significantly reduced. In case of breaking and fixing the price below the local minimum at 33.85, we expect decline to 32.00 and 30.00. On the other hand a strong buy signal will be breaking through the upper boundary of the channel and consolidation above the local maximum at 35.00. Our medium-term outlook is positive, but we recommend to wait for a signal to open new positions.

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