Raviraj
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Raviraj in Raviraj,

Shares of Best Buy are near the bottom

Shares of Best Buy are near the bottom. The price is only about 20 cents higher than the lowest level.

As we see on the daily chart, RSI indicator has touched oversold level, and stochastics are already below the oversold level. That means that there is a possibility of correction in short-term. The nearest resistance level can be $23,7.