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.





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



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



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

[Pascal]

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






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