WBA trade ideas
$WBA Wallgreens Boots Swing Long
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WBA to $55That earnings report was phenomenal. Their dividends are incredible. Nothing short of sheer perfection in this frothy market and investors dump true workhorse stocks. Fine... you go buy AAPL next week. Is AAPL topped out? overbought? Is the tech sector about to bottom out?
Dude... I love AAPL, but not at this level. I am going to buy this Clydesdale and enjoy it for its basic market protection and the sheer fact that it will plod forward, undervalued and steadfast.
WBAWhat do you think? I purchased 1 share today in the midst of the red sea. I plan on averaging down down the line if price starts falling towards support #2.
WBA, TIME TO LOAD UP!Hello fellow traders and investors WBA has pulled back approaching their earnings report which ended up exceeding expectations. The 46.50$ area has acted as a strong level of support in the past and as we approach that area I am getting ready to buy some shares. It offers a 17% ROI as of the time of publishing this idea.
Take Profit: 55.80$
Stop Loss: 45.80$
Technicals:
- RSI=Oversold
- Exhaustion in selling volume
-Moving averages still indicating a downtrend
Fundamentals:
- Market Cap: 42.10B
- Sales Last 12 Months: 133B
- P/E: 20.80
- P/S: 0.32
- Debt/Equity: 0.76
- Sales growth Q/Q: 12.10%
- EPS growth Q/Q: 162.10%
- Profit Margin: 1.70%
- Short Float: 1.79%
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WBA - updateAt the end of the last year I posted an idea of an impulsive move for this stock.
Nice range to buy WBA is around 40-44 dollars, a long-term value play.
Current plunge is the wave C of a developing expanded flat. Highly likely, this correction will complicate.
WBA LONG L >56.00
WBA is going to push the price to 59.20
I see, that there is a good chance to long if price will go higher 56.00
i put an alert on 56.00$ and will try to long.
I see that 53.92 is a place, where buyers put there orders. I think, if 1D candle will close below 53.92 that will cause a giant sellout of long positions.
AMZN to open up physical pharmacy's WBA breaks trendline$WBA was on a nice upward trend. Today after $AMZN announces opening up pharmacy's $WBA breaks its upward trendline and maybe headed to lower support line
Walgreens' Bull Channel (Update 5/13)I've been tracking Walgreens for a few months now (disclosure: I'm long on WBA) and it's been sticking to a fairly nice bull channel for months.
It looked like it was heading up nicely but the markets trashed it over the last few days. On the up side, though, it looks like it 'bottomed out' after the Dow dropped a bunch -- right at the channel low. Today it's recovering nicely, and I'm still bullish on this continuing its trend for at least another cycle.
WBA 1D BEAR FLAGBear Flags are a Range pattern that is a repeatable trading chart patterns.
Ascending Bear Flag chart patterns will have a directional bias (short) depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Ascending channelHigh volume at $52.3 support last week.
Ascending channel.
First target: $57
Second target: $60
Trading difficulty: 2
For self-education use only. Not financial advice.
Walgreens' Bull ChannelLooks like Walgreens has developed a very nice & well-defined bull channel over the last several months (back into 2019).
Bonus, looks like they're just now bouncing off that bottom of the channel, so this might be a good time to get (back) in.
Disclaimer: I am long in WBA.
WBA Long- Oversold Stochastic + Cross over signal confirmed
- Ascending channel
- Retouch and bounce off 50 EMA
I am not a financial advisor and this is just my technical analysis on it.
EMA 50 and breakout of the down channel resistanceThe stock held EMA50 as a good support in the most time. Now it's channeling down to the EMA50 should keep an eye on to the movement of stock. I will open a long position on a break the down channel resistance! Good risk/reward ratio.
WBA. From watchlist. Pullback setup. Worth some attention.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 confluence from trendline support, 50 MA support, and previous price support.
I will keep an eye on it. I'm not crazy to jump in just yet. I think I can find some that haven't put in the fifth wave already and have similar supporting confluences. It kills me being so picky sometimes. I might have to take a small size.
WBA. Third Bounce?I'm not going to be posting as furiously on Trading View in the future.
I do like to mark up the charts so I won't stop entirely.
But, I am redirecting some of my focus into building a more robust watchlist system, so if that interests you in anyway please go check out this youtube video I made attempting to explain what I'm doing and what my goals are.
www.youtube.com
💊 Walgreens Boot Alliance LONG: WBA - Trend is your friendHi mates is perfect setup for bullish trend continuation in NASDAQ:WBA
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 54.65
Stop Loss: 51.91
Profit target: 62.83
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