WBA trade ideas
Walgreens Boots Alliance $WBAEntry. $45.74
S/L $43.70
TG $50.23
12 months Consensus Price Target: $50.23
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
WBA - Downtrend + Bearish Engulfing at 50MA AreaI. Analysis
1. Stock in a healthy downtrend since beg Jan - we have a short bias
2. 50MA are has been tested twice as resistance area and held - we have a value zone
3. Bearish engulfing at 50MA area - we have an entry trigger
Simple trade, we have identified a downtrend leading to start looking for short opporutnities. We have identified a value zone, the 50MA. We have an entry trigger at this area.
II. Trade
1. Go short next candle
2. SL 1 ATR abive 50 MA - use a trailing SL for trend following
3. TP at next buying pressure signs for swing trading or when price crosses and holds above 50MA for trend following
Plsd to hear yr comments.
Cheers
Ruben
WBA LongWBA seems to be bottoming out. It seems that it might retest $43 -$45 within a week or two depending upon the broader market direction.
Walgreens Boots Alliance, Inc.I have been "Holding" WBA , thru the Manipulation.
Goes Ex-Dividend on: 5/19/2020
I have $41.44 as a Target Price.
Then, I can continue to Keep it.
Walgreens Monthly Chart $WBAIs it me or is it CRAZY to see Walgreens is down over 60% in the last 4 years. From a contrarian investors POV this could be signaling a great opportunity to get long and collect dividends while this is trading back at discount prices in the 2000's - 2013 price channel. I have no doubt that Walgreens will be around in 5 years as its been in business since 1901.
I find it absurd that WBA is STILL dropping while more people than ever are in need of prescriptions, immunizations and health care products. In 2019 they filled over 1 billion prescriptions (including immunization)
So with all this in mind, I have no doubt Walgreen will eventually see a bounce above $50 but back up to $90 might be a stretch at this moment in time.
Latest 10Q
www.sec.gov
WBA Long, down trend line break and demand zone confirmedCondition:
#1 3/8/2013 weekly demand zone confirmed
#2 Down trend line break
Earning Date: 7/2/2020. It will not affect this trading plan.
Stock Entry: Below 42
Stop: 39
Target1: 47; risk/reward=1:2
Target2: 54; risk/reward=1:4
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
$WBA It might be time for a bounceLooking at the weekly candles for $WBA, every time $WBA hits the downward trend line it has a nice bounce. It has once again hit the downward trend line and it might be ready for a nice bounce in the next couple of weeks.
Walgreens TargetsPresidential briefing today on corona virus had spokesperson for Walgreens announcing that they would be doing 1000's of test per day at everyone of there locations.
Long term falling wedge, brownie wedge, what ever you want to call it. If we break above that first pink line then this thing is gonna rip.
Semi jewel signal on the daily.
Three different targets ROUGHLY sketched out in the red boxes.
First Target Roughly around 50.
Second Target, cant see screen, i forgot.
Third target, Break out from pattern reaching into the high 60's, low 70's dollar price range
WBA Long, after breakaway Gap and back to demand zone Condition:
1. 3/8/2013 weekly Demand zone confirmed
2. breakaway Gap (G1), down trendline break
3. down to demand zone
Entry: below 43
Stop: 42
Target1: 47; risk/reward=1:4
Target2: 53; risk/reward=1:10
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
$WBA Trading At Trendline Support$WBA made fresh lows after a disappointing earnings call. On the call, the company issued a somber outlook and said that foot traffic is way down. We believe the market took the news in stride and we now have a buy opportunity as trendline support held. The stock also looks cheap trading at just 0.26x sales and 9.89x FCF.
Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics. It also provides specialty pharmacy services and mail services; and manages in-store clinics. As of August 31, 2019, this segment operated 9,277 retail stores under the Walgreens and Duane Reade brands in the United States; and 6 specialty pharmacies. The Retail Pharmacy International segment sells prescription drugs; and health and wellness, beauty, personal care, and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as through boots.com and an integrated mobile application. This segment operated 4,605 retail stores under the Boots, Benavides, and Ahumada in the United Kingdom, Thailand, Norway, the Republic of Ireland, the Netherlands, Mexico, and Chile; and 606 optical practices, including 165 on a franchise basis. The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home healthcare supplies and equipment, as well as provides related services to pharmacies and other healthcare providers. This segment operates in the United Kingdom, Germany, France, Turkey, Spain, the Netherlands, Egypt, Norway, Romania, the Czech Republic, and Lithuania. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.
As always, trade with caution and good luck to all!
Walgreens to dive after earnings?Based on the 15 minute chart, a death cross should occur during the first two hours of trading tomorrow. Hopefully I’m wrong and earnings come in strong.
Walgreens may reverse to a golden cross.Currently well into the divergence following a death cross; with earnings tomorrow, the current trend could reverse towards a future golden cross. However, the last earnings date began the divergence to the death cross in the first place.
If Walgreens Can't rally now it never will $wba
If the stock can not rally in the midst of a health scare, surely it is beyond investing.
Look for a sustained rally and reclaim of the 7&12 Moving averages.
Alert set for move above $50.00
$WBA Trading At Major Support$WBA is trading at major long-term support levels around the $49 level. Besides the technical picture, the fundamentals are also supportive of a LONG position in $WBA. $WBA is trading at just 8x this year's earnings, 0.32x sales, and 14.85x FCF. We are also bullish on its competitor $RAD, which we've written up in the past.
As always, trade with caution and use protective stops.
Good luck to all!
WALGREENs BOOTS ALLIANCE (WBA) Looking to Re-enter for T2 TargetNot a perfect Bat Pattern......
Looking to re-enter this trade after hitting T1 and a channel break in the area indicated.
Original trade was initiated with identification of a Bullish Bat Pattern and AB=CD challenge and break.
Confirmation came from a price/indicator divergence and COT of Lazy Boy's Squeeze Momentum indicator in the bottom panel
Lets see where we go from here
WBA: Short for now...Long soon...Market: DOW FUTURE bearish
Catalyst: Missed EPS
My BIAS: Beaten stock last year and I would love to enter a lower price for a LONG position.
