This morning I received a volatility alert on $NASDAQ:WBA. The stock had earnings today and the resulting price action was bearish down to a significant potential support level. The Trade The Weekly the Ichimoku 9-period (red line) shows that short term 50% level as it goes flat providing a Weekly entry point. The risk is that price makes another major low. ...
The price of Walgreens stock is currently approaching the area where we expect the low of the superior white wave (II). This should lead to a reversal soon. With the low in place, the stock can then rise above the resistance at $31.32. Traders should only keep an eye on the alternative (40%) which expects another decline after the high of the magenta wave alt.(X)...
Entry: $46.60 SL: $43.70 (loss 6.24 %) (visual only, close if daily closing price below) TP1: $55 (profit 17.8 %, ratio 2.9) TP2: $65 (profit 39.5 %, ratio 6.3) Hello Traders and Investors, in my opinion, this setup offers a very good trading opportunity as well as a good investment opportunity. The price is at a strong buy zone. The price has already...
More time with the watchlist. I will be convinced of it's value eventually. Trying to identify a good turning point here is a little difficult because the 2nd peak of wave (5) tells us there's a higher probability this Elliot cycle could be finished and entering a deeper correction. But if it's not, then it is getting to a really good support area with incoming...