WBA (walgreens)Longterm investment idea.. a possible 100% stock move from 20$ lows
Falling wedge Here at the bottom of a 25yr range. Price is oversold on every time frame..
Stop loss 18.00
Target 45$
WBA trade ideas
Price on long term demand zonePrice is consolidating at the demand zone from 1998 and is clearly oversold. It won't take much more time to start climbing up. I already have a long position but still good time to jump in. My TP is around the 30 level but is probably too ambitious, I will take profit on the way up. There is a resistance at 26, be careful with that one.
WBA - Bullish SetupMarket sentiment is currently towards the downside. However WBA looks good for a trade towards 24.5 level. Beginning of December Expiry *options*
Remember, the hardest trades are the good trades. For me thats when I jump in on an opportunity before the rest do. I dont look for too many confirmations to get in. I think too many confirmations kill profits. However this method of execution requires high discipline and most importantly, risk management. I am jumping on OTM calls to have my max risk at check, in case the trade doesnt materialize to what I expect it to.
Another important note: Your viewpoint on the market has to be based on what it is showing/giving you, not what you expect from it. Dont be too stubborn on your take profit levels, and be firm on your hard stops. Be comfortable with the risk you are taking. Its nothing but a game of probabilities.
#options
WBA Walgreens Boots Alliance Options Ahead of EarningsIf you haven`t sold WBA here:
Then analyzing the options chain and the chart patterns of WBA Walgreens Boots Alliance prior to the earnings report this week,
I would consider purchasing the 23usd strike price Calls with
an expiration date of 2023-10-13,
for a premium of approximately $0.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Missed earnings okay we'll see how this does tomorrowI could see this thing hit hard tomorrow after the big pump from missed earnings. Let's let this thing breath.
$WBA 11DTE SHORT PUT 10% profit target #WBA #options10% TP for my cap in 10 days? It's good....
Any kind of naked PUTs on big instrument are my favorite at high IVR with divergence.
My choice for today: Walgreens Boots Alliance Inc.
Reasons:
- RSI is already oversold with big divergence
- breakeven point is little close, but allowed loss ($50 max) is manageable
SETUP:
NAKED PUT for NASDAQ:WBA , because IVR is high, for 0.7cr
* Sell 2 NASDAQ:WBA OCT13 '22 PUT
Max profit: $152
Probability of 50%Profit: 72% (TP: $95)
Profit Target relative to my Buying Power: 10%
Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 84 (very high)
Expiry: 11 days
SOLD OCT13'22PUT @ 0.76cr
WBA With an Inverse Head and Shoulder Pattern with Target.Here is a chart of WBA and an Inverse Head And Shoulder Pattern.
Earnings Journal█ SIMPLISTIC ANALYSIS </
Current Market Trend: short/sellers/negative.
Next Wave: buy wave to the deviation.
Next Swing: negative swing to support.
Trade Type: Touch & Go don't wait for a close.
█ EARNINGS AT A GLANCE </
Release Date: 10/12 BMO
Earnings Anticipations: positive surprise for EPS & positive surprise for Revenues.
Surprise-Confidence: on a scale of 0-5, #4
EPS & Revenue 2-Year Trend: the trend in EPS is negative, the trend in Revenues is positive.
█ SYNOPSIS </
"I expect the market will buy the surprise if the earnings report hits the Wall Street consensus, or sell the surprise if the earnings report misses the Wall Street consensus."
█ RESEARCH DEPTH: </
Technical Analysis: daily chart.
Fundamental Analysis: EPS & Revenue data.
Press/News: none.
Social Media: none.
Bullish Alternate Bat Pattern and WXYWalgreens is on its way to completing the correction in the form of an alternate bat pattern and a WXY pattern. I've outlined entry, profit, and stop-loss levels. Keep in mind, that this is going to take some time to play out. I wouldn't buy option unless you know what you're doing. This is probably better for people who want to park their money somewhere long term and collect a healthy dividend. Good luck!
Walgreens Boots Alliance: Pedogenesis🌱 The price of Walgreens stock is currently approaching the area where we expect the low of the superior white wave (II). This should lead to a reversal soon. With the low in place, the stock can then rise above the resistance at $31.32. Traders should only keep an eye on the alternative (40%) which expects another decline after the high of the magenta wave alt.(X) below resistance.
WBA - Walgreens Boots Alliance Inc, 1h📈 Market Update: Opportunity Alert! 🚀
Hey everyone!
After thorough analysis, I've observed that many stocks are now heavily oversold. Using a strategy I've developed over the years, there's a significant indication that the probability of profit is high for those considering a long position on NASDAQ:WBA NASDAQ:DLTR NYSE:DG NYSE:M NASDAQ:ULCC 🚀
Remember, all investments come with risks, so always do your own research and consider your own financial situation, risk tolerance, and investment objectives. But, for those who've been waiting for an opportune moment, this might be a window of potential!
#WBA #DLTR #DG #M #ULCC
(Note: This post is intended for informational purposes only. Always consult with a financial advisor before making any investment decisions.)
$WBA Monthly - Long from Bottom of the range.Pretty straight forward trade. Great R/R buying so close to invalidation.
NASDAQ-WBA - a good time to buy! (indicator Thewaved)The last signal to buy on this strategy was given September 15.
The price of the asset at the time of entry into the trade was 21.71.
Our goals for this trade are as follows.
Take-Profit is set at 43.4.
and Stop-Loss Order at 18.5 At the moment, the price is moving well in the signal direction, and we we have already had a profit of 3.96%. By the way, this happens quite often after the previous trade is closed by stop, so we opened the position with a good discount. And if we look back, what are we observing then several Long signals in a row - closed by stop-loss order and this gives a great probability of the descending trend reversal. In addition, at the entrance to the purchase, we have already had a great advantage over a huge number of investors. And the most important thing that I want to mention is that the price of the last entrance to the position is below the previous exit, and this almost always suggests that the signal will have a profit if no unpredictable events happen. And now let's move on to the most important part, statistics.
What do we see from the results The total income on strategy we have 769.58%. The percentage of profitable trades is not so important to us, since the general profit is satisfactory. The profit factor equals 4.345
and this is an excellent result.
And all the closed trades in our strategy are 25.
WBA Very Oversold Walgreen is coming into a lot of support around the $20 mark. If they can sort out the CEO situation and get some direction back with the company then there is a reasonable chance to see it trade back around $30 in the next 12 months. Not a horrible Risk/Reward set up at these levels.
WBA in a long trend down SHORTWBA is Walgreens. On the daily chart it is down about 50% from the highs of late 2019, the
summer of 2021 and winter of 2021. WBA may be suffering from not keeping up with online
mail-order prescription filling and online in general. Like others, it may be suffering from
potential downside of litigation related to the opioid epidemic.
Mark Cuban and his Cost Plus Drugs may be having an impact on WBA . Merely a reasonable
conjecture on my part. WBA beat earnings for three years of quarters prior to this most recent
one. Importantly, on the long-range volume profile WBA is below the POC line where most
traders prefer to trade. It is even farther below the POC line of the near term volume profile.
The other indicators show ongoing or even accelerating bearish momentum.
I will short WBA in what I think will be a long-duration swing trade. I will look into put option
contracts as well.
$WBA yieahhSomething interesting is going on with the pharma and NASDAQ:WBA is joining them.
Nice wedge, if we break should we see a nice good bump to $40?
Coincides with 50% fib for last push down and volume.
Yieahh
Walgreens Boots Alliance: The end is near.. 👀But thank god we mean the end of the current downtrend. The price is currently in the magenta wave , which it should complete in our green target zone between $27.30 and $24.10. With this, our white wave (II) is also coming to an end and thus a change in direction is imminent. Here, long orders can be placed well, since significant increases are to be expected afterwards. Attention should be paid to the alternative scenario with a probability of 38%. If this occurs, the increases are significantly shorter.
Starting to breakoutWith such a beaten down stock, a break is bound to come soon.
Tomorrow lets see if we confirm this move.
Buy right and sit tight.
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WalgreensWeakness in stocks is strength for silver.
See 1970s 2000s 2020s.
#walgreens #silver #gold
silver rockets as
Walgreen drifts side ways
