Assuming you need something to buy in this defensive market, you can look to consumer staples and you can look at WAG because it is pulling back to it's most recent "KEY HIDDEN LEVEL" of support. It is support as long as it is above the green line. Upside 65-66, +8%, versus risk of 58 or 3%.
Tim 60.49 last WAG
Comments
elcololp
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nice entry price today? what do you think?
timwest
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It's been quite a few tests so far - I'm beginning to wonder if it makes sense anymore. I liked the first wave up off of the level... You asked a very good question. It might depend on your portfolio and whether you have any longs and whether they are acting well. If you need longs, then this one looks tempting. I like TFM and WFM also as "safe longs". I'll be looking at KO as a buy after another day goes by. Have you see the "KEY LEVELS CHAT ROOM"?
I put a lot more ideas in there....