GMOTruths
Long

WFM - Flag & New Gap Below!

NASDAQ:WFM   WFM
24 1 0
This is a correction to an error in publishing; because of a mistake in tradingview code design.

1. Buy the flag now (45 min ago).
2. Watch the gap below, if price goes to $54.50, buy more.

Fundamentals:
WFM             barely beat earnings . Why? Because they opened up many new stores. Those new stores will take time to become profitable.

Inverse correlation on the monthly between grocery stores ( NGVC             , KR             , SFM             , WFM             ) to oil             price ( CL1!             ).

When oil             goes up, grocery comes back down.

Many Whole Foods stores are also a sort of restaurant, like a mini-Chipotle, sandwich shop/deli. The food is popular and a lot of people use it. The strategy of new locations coincides with the New Urbanism trend. WFM             took a strategy of putting the WFM             below the apartments/condos.
Price going a little down, but mostly sideways. If the market dumps down again soon, I'll pick more up at the 54 dollar level (yellow box).
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out