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.
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 $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
