WBA Sing Trade UnderwayWBA seems to have completed the breakout of the Inverse HS bottoming and trend reversal pattern I discussed last week.
If entry point was at close yesterday, gains are 6+%
Take profits as you feel comfortable.
Ultimate target upon completion of pattern yields a price target of approx. 10.50.
If trend reversal is a long term chance of character move, reaching the 200DMA for a gain of 50-85% is not out of the question.
Taking half positions off the table is not a bad idea.
Please watch for details
WBA
Swing Trade Opportunity - LONG WBAWBA has broken a long term downtrend line, creating a potential inverse HS in the process.
This company is due for a bounce at the very least.
Best case for longs is a longer term bottom and reversal being put in that can take us to the 200DMA or above.
See video for details
WOW Walgreens! Why you DON'T Baghold!NASDAQ:WBA is a techable moment and I had to make a video today. I checked my watchlist of current and recent trades exited and saw that Walgreens was down -25% overnight! Horrible earnings is the "reason" but really the stock has been in an unabated downtrend for months.
I tried to take a long off the 2009 low back in January but my rules had me GET OUT in April. I did not like taking a loss at the time (no one does) but it's moments like this in trading and investing that remind you in a good way (rather than painful way) why you follow your exit rules!