timwest
Long

Whole Foods Mkt - WFM - Daily, Basing and above "Key Hidden..."

NASDAQ:WFM   WHOLE FOODS MKT INC
406 7 8
Note how well WFM             moves around to the "key hidden levels" provided by earnings. I labeled a number of key tests with red circles to show you trade setups.

Note how well WFM             has held its base price near $36 on the recent earnings release and how it has climbed back on top of key support here above $38. It looks like WFM             can lift to the $43 resistance area from the May gap-down.

I included a link to another similar stock in the sector that I outlined awhile back, The Fresh Market ( TFM             ). The valuation of WFM             has come down a long way and by nature I look picking around in "fallen angels" stocks . This one could be a decent return for the lower risk opportunity that it is now that the hype has come out of the stock .

Tim 38.66 last @ 2:29PM EST 8/14/2014


*** Key Hidden Levels - Earnings Support is a subscription package that is available at the Marketplace Add-On's in the Indicators Box. Monthly and Annual Subscriptions are available.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
2use
2 years ago
Would be great to see any ideas on TFM as well! it was down recently to the same low it was when you began the coverage
Reply
timwest PRO 2use
2 years ago
I like TFM also! I'm glad you remember! Nice little base breakout today.

I don't want to overproduce charts though. I don't want to be like some people and produce endless streams of charts. I want to be able to follow up on them and comment on them.
Reply
2use timwest
2 years ago
I agree on the endless streams of charts. that spams my inbox with a lot of uncertain charts - so better indeed have something more solid out, but that stock was a great call and did get attention yesterday:)
Reply
elcololp
2 years ago
Hi! what do you think now? Time to take position?
Reply
timwest PRO elcololp
2 years ago
I like WFM and TFM. It would be better to see WFM above the key hidden level (green line) to show that it is accumulated completely, but I like it. It is cheap.
Reply
IvanLabrie PRO timwest
2 years ago
It does look like someone's accumulating...although I see no obvious vol activity to support my claim (other than the ones you mention in the post)
Reply
2use IvanLabrie
2 years ago
It is also a possible best place to buy. Given 36 is a strong support and accumulation keeps it above, then it is quite close. I would sell it below 35-35.5
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out