If you used the 14.97 ‘external’ peak to get long via camouflage as I’d advised, you could easily have done so using a 15.36 ‘buy’ signal that triggered on January 23  (60m, A=14.54  on 1/17; B=15.77, C=15.05).  My target now is 18.86, but I’ll track a long position only if  I hear from at least two subscribers who are on board.  A second opportunity to enter — also presumably via camouflage — would come on a pullback to 15.66, the midpoint pivot of the bullish pattern shown. _______ UPDATE (March 6, 10:20 a.m. EST): Having been early to the party, I will now say that it’s a tad overdone. My longstanding target at 18.86 was clear and compelling on the daily chart, and so the short-squeeze opening above it today is undeniably bullish. But as far as Best Buy’s turnaround attempt is concerned, the jury is still out.

Earnings reported last week were not great, but such is Wall Street’s overweaning, greedy obsession for exploiting-to-the-absolute-max any new “story” that is even remotely bullish, that the stock has surged simply because the earnings story wasn’t as bad as it could have been.  That’s the kind of news that passes for a bullish excuse these days, but it hardly makes the company’s shares a fetching buy at these levels.  Keep in mind that what had stirred me up in the first place — a story in Wired magazine last autumn about a honcho from Starbucks whom Best Buy had hired to shake things up — is no longer viable. That guy quit after a few months, and it remains to be seen whether his ‘legacy’, such as it is, will enable Best Buy to be the last man standing as big box stores approach their twilight.

From a technical standpoint, today’s high fell 18 cents shy of the 19.68 target of (60m) A=13.83 (2/13); B=17.76; C=15.75. With a double-D target at these heights, one of them a long-termer, it’s very doubtful the stock will go any higher over the near term.