BBY

BEST BUY - BBY

Monthly chart shows an ab=cd or 1:1 pattern in place. Uptrend line has now been broken. Midpoint of large red candle at $50.75 area is now resistance.

Weekly chart shows another ab=cd pattern into $41.87 support, where buyers who bought down at that level found resistance and selling at the $50.50 area.

Daily chart shows a head and shoulders reversal pattern in place. We also had 5 waves up into the $50.50 area resistance. Friday's price action showed strong selling as sellers gapped down the stock at the open and closed it near the lows of the trading session. No buy signal in sight as of yet.