Market sentiment is currently towards the downside. However WBA looks good for a trade towards 24.5 level. Beginning of December Expiry *options*
Remember, the hardest trades are the good trades. For me thats when I jump in on an opportunity before the rest do. I dont look for too many confirmations to get in. I think too many confirmations kill profits. However...
If you haven`t sold WBA here:
Then analyzing the options chain and the chart patterns of WBA Walgreens Boots Alliance prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2023-10-13,
for a premium of approximately $0.54.
If these options prove to be profitable prior to the earnings release, I...
10% TP for my cap in 10 days? It's good....
Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence.
My choice for today: Walgreens Boots Alliance Inc.
Reasons:
- RSI is already oversold with big divergence
- breakeven point is little close, but allowed loss ($50 max) is manageable
SETUP:
NAKED PUT for NASDAQ:WBA , because...
█ SIMPLISTIC ANALYSIS </
Current Market Trend: short/sellers/negative.
Next Wave: buy wave to the deviation.
Next Swing: negative swing to support.
Trade Type: Touch & Go don't wait for a close.
█ EARNINGS AT A GLANCE </
Release Date: 10/12 BMO
Earnings Anticipations: positive surprise for EPS & positive surprise for Revenues.
Surprise-Confidence: on a scale...
Walgreens is on its way to completing the correction in the form of an alternate bat pattern and a WXY pattern. I've outlined entry, profit, and stop-loss levels. Keep in mind, that this is going to take some time to play out. I wouldn't buy option unless you know what you're doing. This is probably better for people who want to park their money somewhere long...
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)...
📈 Market Update: Opportunity Alert! 🚀
Hey everyone!
After thorough analysis, I've observed that many stocks are now heavily oversold. Using a strategy I've developed over the years, there's a significant indication that the probability of profit is high for those considering a long position on NASDAQ:WBA NASDAQ:DLTR NYSE:DG NYSE:M NASDAQ:ULCC ...
The last signal to buy on this strategy was given September 15.
The price of the asset at the time of entry into the trade was 21.71.
Our goals for this trade are as follows.
Take-Profit is set at 43.4.
and Stop-Loss Order at 18.5 At the moment, the price is moving well in the signal direction, and we we have already had a profit of 3.96%. By the way, this...
Walgreen is coming into a lot of support around the $20 mark. If they can sort out the CEO situation and get some direction back with the company then there is a reasonable chance to see it trade back around $30 in the next 12 months. Not a horrible Risk/Reward set up at these levels.
WBA is Walgreens. On the daily chart it is down about 50% from the highs of late 2019, the
summer of 2021 and winter of 2021. WBA may be suffering from not keeping up with online
mail-order prescription filling and online in general. Like others, it may be suffering from
potential downside of litigation related to the opioid epidemic.
Mark Cuban and his...
Something interesting is going on with the pharma and NASDAQ:WBA is joining them.
Nice wedge, if we break should we see a nice good bump to $40?
Coincides with 50% fib for last push down and volume.
Yieahh
But thank god we mean the end of the current downtrend. The price is currently in the magenta wave , which it should complete in our green target zone between $27.30 and $24.10. With this, our white wave (II) is also coming to an end and thus a change in direction is imminent. Here, long orders can be placed well, since significant increases are to be expected...
