WBA trade ideas
Buy $WBA - NRPicks 07 Mar
Walgreens Boots Alliance ($WBA) is a global leader in retail and wholesale pharmacy, through the dispensing and distribution of medicines, and through its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of heritage and innovation in health care.
It is a company that handles a good trading volume and is close to filing its earnings report on March 31, remember that in its last report it exceeded expectations with earnings per share of $1.22 and quarterly revenue of $36.31B.
Walgreens announced the expansion of its digital health platform, Walgreens Find Care, to include 11 new and four expanded collaborations with service providers, offering easier access to care during the COVID-19 pandemic. With these, people can now access more than 45 national and local health care providers. This platform has increased its use exponentially since the pandemic reaching 20M of visits that equates to an increase of 13 times last year's visits.
The company, even the health sector, has a good way to recoil the market and the rotation of investors after the technology selloff could end up in the least disadvantaged.
Technical:
Support at $46
Bounce in MA50
Low levels of RSI - Oversold
MACD Level (12, 26) -4.90
$WBA from $53 to $59Nice falling wedge and retest of support. Tested prior resistance from Jan 2020 already (the open of the gap down on Jan 8). Would be nice to see it hold here and break up out of the wedge to fill that gap at $59.
Buyers are strong in WBA Buyers were strong to defend 46.42 LVL. (previous idea was unable because of no signal for entry (closing 1D candle lower than LVL)
Last 1D candle was closed almost in top of body.
Today i am expecting move to 50-53$.
Looking for long
Buyers are strong in WBABuyers have tested 46.42 and showed there power.
1D candle is closed almost in the top.
Today i am expecting WBA to go up to zone 50-53
WBA market cycleWith the DOW breaking out, WBA looking good for stage 2 advance. Rounding bottom, shifting momentum...setting up nicely.
Short I see a big pressure of sellers.
Level 46.42 at this moment is showing expecting buyers zone.
On this lvl it will be 2 scenarios:
1. Green path - rising to 50 or higher
2. to close 1D candle below 46.42 and to start a downtrend to 43.55. (Closing 1D lower than level is required to enter short position)
WBA Longterm Defensive playBottomed on Montly levels and crossed the safe zone. Target 72 range and Above. if holds above the Wedge. Defensive, Dividend play.
Walgreens - Short the RetestLong term short play. Short the retest.
Might be forming a much larger Head and Shoulders top.
Thanks
downtrend channel, but you can still profitbroke back into its previous downtrend channel, so bullish until it hits the top resistance around 60! not the best risk reward but you can still make some gains here! and green is green ! :) goodluck ! leave a like/follow <3
wants to reclaim recent highsbreaks a big resistance and flys over 50-51! long 48 sl at 43 and price target 83 in the long term! great risk reward! goodluck to longs :) feel free to comment below with thoughts and ill get back to you!
$WBA Walgreens $54.00 Target
Potential long above 100ma on weekly .
Alerts set for $49.00
Targets $51.00 & $54.00
Golden cross imminent
$WBA with a bullish outlook following its earning releaseThe PEAD projected a bullish outlook for $WBA after a positive under reaction following its earning release with the PEAD placing the stock in Drift A
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WBA shows a relative strengthAfter the trending day, WBA had broken the 200-day MA, which is the bullish signal. Probably, we will see the continuation
WBA LongBroke out of failing wedge, retested breakout and now beginning stages of projected running flat.
