Reports that Amazon.com has received wholesale pharmaceutical licenses in 12 states has put pressure on the drug store sector today. WBA shares have been under pressure for about a month with channel support near $76.00 and $72.00 having failed already. The shares have approached $64.00 a potential measured support level with next measured move support possible...
After a sustained downfall, Walgreens is going up.
The three indicators (ADX & DI, MACD and Stochastic) shows strong signals of a long position.
-ADX & DI: The ADX line is above the 25 line giving a strong signal and the DI+ DI- has crossed.
-MACD: The histograms shows signals of a long position and the two lines are going up and also has crossed. NASDAQ:WBA
Hey Traders, We have another WBA trade. I have highlighted some of my most recent trades on WBA. There is a lot of institutional traders present in WBA, and we can gauge where they are most likely to be putting there money next. Those of you who have been following these trades know that they have been very accurate and educational. My most recent idea on WBA...
long term trend is trending down finding support at 80.21
looking to play for a mini breakout short term
ascending triangle on intermediate time frame
increasing positive volume pressure/ increasing relative strength
measured move up to around 82.32 resistance area
risk reward ratio= 3.25 stop at 81.15
remaining cautious as longer trend is to the down side
Hey Traders, I recently entered another WBA trade. My Entry price was 86.00 but I do see plenty more entry opportunities before this move plays out.. This is a Swing trade that has been extremely profitable for me. These trades can take up to a month or so to hit targets given the fact that price needs to move nearly $5 to hit target 2.
Entry- $86.00
Target 1-...
Walgreens Boots Alliance stock has been in a defined bullish trend since the beginning of 2016. Its current position displays the stock is ready to cycle down. The typical movement occurs over a period of 15 or more trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 62.2076. RSI tends to determine trends,...
I recently published a trade on WBA and in that idea (Linked below), I had expressed that I was seeing some signs to buy at the 81.80-82.50 level however those conditions were not met by the time price reached that level. I did not buy at 81.80-82.50 because I did not feel the down move was over yet. I am still not quite sure that the down move is over however I...
Hey everyone, we have another bearish Cypher Pattern setup on WBA. This Cypher Pattern can be seen on the hourly and 4 hour charts.. If you are not sure what a Cypher Pattern is or how to identify them, do not worry as I will be releasing a tutorial on everything you need to know in order to trade the Cypher Pattern successfully. This tutorial will be published on...
I trade WBA 0.25%on a regular basis as I am a fond believer in understanding what you are trading. I have a hand full of stocks that I refer to as my "bread and butter" (this is one). as you mature as a trader, you will realized that consistent profitability boils down to-
1. Solid Trading Strategy that has been back-tested thoroughly!
2. A detailed set of rules...
