New Uptrend in WBA -- Long Opportunities2 Opportunities to go Long WBA after it turns into a daily uptrend
Entry: 52.70
Protective Stop: 52.04
Safety Target: 53.89
Final Target: 59.40
Entry #2: 51.28
4WBA trade ideas
WBA - AGGRESSIVE TRADERS CONSIDER OPENING POSITIONLOOKS AS THOUGH WBA MAY HAVE ENTERED AUTOMATIC REACTION PHASE AFTER A POTENTIAL SELLING CLIMAX PER WYCKOFFIAN LOGIC. USUALLY, AN ACCUMULATION PHASE FOLLOWS. SEE THE ANNODATED CHART BELOW FOR DETAILS:
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RIGHT CLICK CHART TO OPEN LINK IN A NEW WINDOW. ENJOY.
$WBA WALGREENS HAS FOUND A BOTTOM, UPSIDE REVERSAL TRADE 2019 HAS NOT BEEN KIND TO WBA INVESTORS, IT HAS WON THE WORST DOW STOCK AWARD , WITH A 22% DECLINE AND HAS RECENTLY REACHED 5 YEAR LOW. CURRENTLY TRADING AT A VERY REASONABLE P/E RATIO IT HAS STARTED TO FIND A BOTTOM AND HAVING RECENTLY RECLAIMED THE 200MA IT IS GATHERING THE INTEREST OF INVESTORS AGAIN.
AVERAGE ANALYSTS PRICE TARGET $58.67
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 9.9
SHORT INTEREST 2.94
COMPANY PROFILE
Walgreens Boots Alliance, Inc. engages in the provision of drug store services. The company operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment engages in pharmacy-led health and beauty retail businesses, which sells its products under brand names Walgreens and Duane Reade. The Retail Pharmacy International segment offers retail stores, which sells products of brands No7, Boots Pharmaceuticals, Botanics, Liz Earle, and Soap & Glory. The Pharmaceutical Wholesale segment supplies medicines, other healthcare products and related services to pharmacies, doctors, health centers, and hospitals. The company was founded in 1901 and is headquartered in Deerfield, IL.
Walgreens (wba) Great buyFalling wedge with bull div in 3 indicators, also visible in a daily chart. Also the monthly 200 ma is at $49/$51, Great buying zone showing reversal signs
$WBA The right time is nowCLEAR bullish divergence on this last drop from earnings
Sitting exactly on the .618 Fibonacci level from the July 2015 peak.
May be a bit premature, but this falling wedge is taking shape.
MACD on the up. Great buy for at least the next 2 months
WBA OppotunityFirst buy zone --> 48.78 - 51.77
Second buy zone --> 39.51 - 49.53
Possible bounce from 51.77 to fill gap up to 59.47
WBA: Strong bullish technical set-upThis stock (WBA) offers a very nice entry opportunity. It has been falling over the last days, mainly due to earnings report. Despite earnings beating the consensus , the stock dropped 12 percent in the pre-market.
Nevertheless this company is still doing well and there is a potential for a long -term trade or maybe even for an investment. WBA is currently falling to the red area, which is a strong S/R area. So i guess there might be a very big bullish volume at these levels. There is also upward trendline and this stock has some potential to perform very nicely afterwards.
BUY ZONE:
Red S/R area -> 51.70 - 45.00 USD
This is just my point of view, and it doesnt represent an investing advice. You trade on your own risk.
We may see a push towards $100 soonIt is likely that we arrived at full 4 waves in the impulse.
Minimum target for the wave 5 looks logical at 100, being the prior high and the median of the impulse channel
[WBA] phase 2The price is going up. It's over the 30MM, and the RSI is high! Evaluate if the price has the strength to keep going up!
$WBA LONG IDEAWBA with inside day breaking to the upside
Relative strength compared to overall market
green on month
eyeing entry on fridays 75c, 77.50c
WBA Watch listbreak and retest of the neckline could confirm a top is in and the setback to the end of previous wave 4 is under way at the minimum.
