Walgreen Company - WAG - Daily - Key Hidden Levels helpful

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Note how "KEY HIDDEN LEVELS - EARNINGS" have given some very interesting turning points for WAG shares. The recent post-earnings rally tagged right at the KEY resistance level and provided an excellent risk-reward entry level.

The takeaway: Wait until AFTER earnings are announced, then fade the move back to where earnings were released. You don't have to speculate ahead of earnings anymore, when you can wait until afterwards to set up your entries.

NOTE: I did not forecast this trade - I'm just showing the key levels.

Tim 1:39PM EST, 8/6/2014
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timwest PRO
2 years ago
I neglected to label the setup in early October as well.
2 years ago
Can you please explain some thing about key hidden levels, and this chart is quite a nice place
1 - i understand you make then from the day before and after earnings, but sometimes i see that made within a 3 day period - day before, ER day, and day after. why the difference?
2 - at what time after earnings do you take the hidden levels more seriously, i.e. the triangle covers some days, i think a week - is that specifically made or it does not matter?
3 - in this example, the april action was a bit like the action recently, price went below the level then up a bit above it, closed below, then went up again - what is the difference that one should look for to say that in the first action one should have not sold at the second drop after crossing the level, and sell at the failure of going above the level in the 2nd case? Within this i would actually decide to sell on 1st or 5th of august if i held on that long.
Thanx in advance!
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