Short a bounce after a breakdown: BBY

[Pascal]

Yesterday, BBY broke down on high volume. The idea is to short a bounce that might occur today.

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As we can see, the price is now below the Lower Boundary. The price could however easily bounce back to that level.

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The trade statistics below are calculated using the close of Tuesday (before the breakdown).

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The most interesting is the sensitivity analysis: the Table below shows that you can still short today at any of these prices.

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[Pascal]

Since BBY issued good eanrings today and since the stock is up on strong volume, it is interesting to test buying a breakout.


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The data shows that it is basically OK to buy between $34 and $36.

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