$WBA with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $WBA after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 55.56%.
W8A trade ideas
Green on Walgreens. WBAConfirmed pivot.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Walgreens Boots Alliance: Take Your Medicine 💊Walgreens Boots Alliance should take its medicine as the share needs some more strength to make it above the resistance at $42.29. From there, the course should rise into the green zone between $52.38 and $59.29 to conclude wave 3 in green before we anticipate a countermovement. A 38% chance remains, though, that WBA could drop below the support at $32.70 instead, subsequently slipping below the support at $30.39 as well.
WBA earnings on ThursdayWBA Q1 November 2022 earnings are on Thursday 1/5/2023 at 7am. Walgreens Boots Alliance (WBA) reported Q4 August 2022 earnings of $0.80 per share on revenue of $32.4 billion. The consensus earnings estimate was $0.78 per share on revenue of $32.1 billion. Revenue fell 5.3% compared to the same quarter a year ago. The company said it expects fiscal 2023 earnings of $4.45 to $4.65 per share. Here's WBA levels on the 1-day chart:
Q1 November 2022 consensus:
EPS = $1.14
Revenue = $33B
SMA200 = $39.65
SMA20 Triangular Trend Channel ATR(beta):
top = $43.96
R3 = $42.89
R2 = $41.81
R1 = $40.74
pivot = $39.66
S1 = $38.59
S2 = $37.52
S3 = $36.44
bottom = $35.37
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7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
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+5% portfolio trades, capital risk management
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WBA (Range Trade)The last two times price touched $42 was in August ($42.10) and December ($42.03). Price hovered near $42 highs in November but didn't hold. Could also be a start of new impulsive wave to the downside. Might wait til the fed decision and cpi reports pass next week to get a second look.
WBA - Horizontal Support Leading to Double BottomWBA has formed a strong horizontal support
This provides a good support for price
Price has already bounced once off this area recently
Right now we are just waiting on the next test
This is on the Weekly timeframe but it would also be evident on the daily
WBAexcelente riesgo beneficio
patron armonico
Walgreens Boots Alliance, Inc. engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA and Retail Pharmacy International. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services. The Retail Pharmacy International segment consists of pharmacy-led health and beauty retail businesses and optical practices. The company was founded in 1901 and is headquartered in Deerfield, IL.
Buy $WBA - NRPicks 25 FebWalgreens Boots Alliance, Inc. operates as a pharmacy-led health and beauty retail company. It operates in the United States and internationally where it sells prescription drugs and a variety of retail products, including health, wellness and beauty products.
Revenue TTM 134B
Net Income TTM 6.4B
EBITDA TTM 5.6B
P/E 6.58
P/S 0.29
