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WALGREENS BOOTS ALLIANCE INC CEDEAR EACH 3 REPR 1 COMWALGREENS BOOTS ALLIANCE INC CEDEAR EACH 3 REPR 1 COMWALGREENS BOOTS ALLIANCE INC CEDEAR EACH 3 REPR 1 COM

WALGREENS BOOTS ALLIANCE INC CEDEAR EACH 3 REPR 1 COM

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WBA trade ideas

Another WBA Trade!! Deadly Accurate!Hey Traders, We have another WBA trade. I have highlighted some of my most recent trades on WBA. There is a lot of institutional traders present in WBA, and we can gauge where they are most likely to be putting there money next. Those of you who have been following these trades know that they have been very accurate and educational. My most recent idea on WBA (Linked below) was a "Home run" Trade and I explained in that idea how managing expectations was crucial to successful trading. The idea that I published before that was a good test of patience because it took longer than we had expected so there is a lot to learn from these trades and I would like to continue publishing them if others feel they have been helpful. I have Re-entered into a Long Position on Wba. Entry- $80.80 Target 1- $83.20 Target 2- $86.00 Stop- $78.00 I may trail stops on this trade after target 1 is hit. I will be sure to keep you up to date on how this trade plays out as I am sure there is going to be a lot to learn from it. This is a Swing trade and can take weeks to fulfill Targets. Thanks Traders, I hope this was helpful.
NASDAQ:WBALong
by Alec40
Deadly Accurate WBA Trade! 80+ % Win Rate!Hey Traders, I recently entered another WBA trade. My Entry price was 86.00 but I do see plenty more entry opportunities before this move plays out.. This is a Swing trade that has been extremely profitable for me. These trades can take up to a month or so to hit targets given the fact that price needs to move nearly $5 to hit target 2. Entry- $86.00 Target 1- $84.00 Target 2- $81.50 If price can come back up to 85.30, I may add to the position. I will be sure to update this idea as the trade plays out. Thanks traders and feel free to leave a comment or any questions you may have regarding this setup. Also, I am trading options on this ticker not shares. I bought Jul 21 2017 $85 Long Puts!!
NASDAQ:WBAShort
by Alec40
Near-Term Drop For WalgreensWalgreens Boots Alliance stock has been in a defined bullish trend since the beginning of 2016. Its current position displays the stock is ready to cycle down. The typical movement occurs over a period of 15 or more trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 62.2076. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock has is moving down as this indicator recently turned downward when it was near overbought territory. The last two time the stock was at its current RSI level, the stock dropped greater than 7% over the following 32 trading days. The true strength index (TSI) is currently 11.6581. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending upward. This indicator is more indicative of long term trend and it is slow to reverse course. The positive vortex indicator (VI) is at 1.1647 and the negative is at 0.7472. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock was moving up, but this is beginning to weaken and trend downward. The stochastic oscillator K value is 53.7979 and D value is 63.7308. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock exited overbought territory and should continue to decline. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 3.5% over the next 28 trading days.
NASDAQ:WBA
by StockSignaler
NEW WBA Trade!I recently published a trade on WBA and in that idea (Linked below), I had expressed that I was seeing some signs to buy at the 81.80-82.50 level however those conditions were not met by the time price reached that level. I did not buy at 81.80-82.50 because I did not feel the down move was over yet. I am still not quite sure that the down move is over however I had a good entry opportunity at $80.80. I entered this trade due to a bullish engulfing candle and multiple closes outside of the Bollinger Bands. unfortunately I was a little late on publishing this one but I am trading options on this ticker and looking to sell those at 82.50-83.00 level unless I see a new trend beginning. if I believe a new uptrend is beginning then I will be trailing stops a very specific way (derived from back testing) I entered on the Candle highlighted in yellow on the chart. I apologize for the lack of detail on this idea, normally I list all my reasons for entry along with pictures however this entry was based on a strategy that is a little complicated to explain. I will be looking to do some tutorials on these strategies upon request so please let me know if you are interested in any of these strategies on the comments section below. Entry-$80.80 Target 1- 82.50 Target 2- 84.00 with trailing stops Good luck trading, I will be publishing more trading opportunities and ideas over the next couple days, thank you!
NASDAQ:WBALong
by Alec40
Bearish Cypher Pattern on WBA. Great opportunity! Hey everyone, we have another bearish Cypher Pattern setup on WBA. This Cypher Pattern can be seen on the hourly and 4 hour charts.. If you are not sure what a Cypher Pattern is or how to identify them, do not worry as I will be releasing a tutorial on everything you need to know in order to trade the Cypher Pattern successfully. This tutorial will be published on tradingview for anyone to see. The tutorial will be released by Wednesday March 22nd. In that tutorial I will be explaining: -Impulse Legs -How to Find and identify a Cypher Pattern -Where to place your Entries, Stops, and Targets -How to Back test the Cypher Pattern for specific Symbols -How to Strengthen your reasons for entry by defining trend and much much more! This Tutorial will be interactive so make sure you have a pen and paper handy to complete the exercises if that is something you would like to participate in. I find that reading, writing, and then drawing helps you learn the fastest. Tutorial Released on Wednesday March 22nd! I recently published an idea (about 3 weeks ago) on WBA, The idea showed that we had a bearish Cypher Pattern setup on the daily chart. I Explained that my entry was around $85.90 and that my backtesting results showed that this trade takes on average 5-10 days to reach targets on the daily chart. 7 days after I entered the trade, I was filled on a Long wick for a price of $84.00. I Managed to get out by one penny as the low of the candle was $83.99! that does not happen often but it did this time around. my entry for that trade was on 2/16 and my exit was on 2/23. I Also trade options on WBA because there are a lot of institutional traders on this ticker. You will get massive spikes that take out your stops right before price goes in the direction that you desired. this can be a pain but we can avoid this by trading options (however we must stick to our rules) My rules which I will be sharing with you in the future for this ticker differ from the traditional Cypher Pattern rules. please make sure you understand options and have backtested whatever it is that you are looking to trade as every symbol trades differently and options can really hurt you if you don't understand how to use them. For Cypher Patterns on the daily chart, I look for Targets at the .382 retracement of the C to D leg,however for Cypher Patterns on the hourly chart or 4 hour chart (in this case) I will be setting 2 Targets, Target 1 will be a little above the .382 Retracement of the C to D leg and Target 2 will be a little above .618 retracement of the C to D leg. If this Pattern does complete and we do reach targets, I will be looking for some more down side over the next couple weeks and as I stated in my previous idea, I am a Buyer at $83.50. the conditions for that trade still remain positive. I will update these ideas throughout the week if anything changes or I see something different. feel free to comment with any questions you may have and I will be sure to get back to ASAP. Also be sure to check out my latest ideas below. Thanks everyone, good luck trading!
NASDAQ:WBAShort
by Alec40
Cypher Pattern setup on WBA! 80+% Win Rate on this ticker!I trade WBA 0.25%on a regular basis as I am a fond believer in understanding what you are trading. I have a hand full of stocks that I refer to as my "bread and butter" (this is one). as you mature as a trader, you will realized that consistent profitability boils down to- 1. Solid Trading Strategy that has been back-tested thoroughly! 2. A detailed set of rules and conditions that must be met in order to trade your back-tested strategy. 3. A trading plan that consists of Entries, Targets, and Stop-losses derived from your back-testing results. 4. A hand full of stocks that you know inside and out. You have watched them for long enough to almost sense there next movement. You have thoroughly back-tested many different variables in order to figure out what the best way to trade those stocks may be. Of course there is more but I find these to be very important especially if you are just starting to trade. I am bullish on WBA 0.25%moving forward however I have had great success with the cypher setup on this ticker and we are due for a retracement.. I have set targets at the . 382 retracement of leg C to D (use Fibonacci retracement tool to pull a retracement from C to point D) My entry was around 85.90 with a stop loss in the area of X. this trade typically averages 5-10 days on this ticker and hits a .618 more often than not however due to the recent retail sales numbers and the strength in the markets, I have chosen to take a . 382 retracement as opposed to a .382 for target 1 and .618 for target 2. I will be following this trade on the hourly chart as well. You will notice that we are currently forming a triangle pattern on the hourly chart and I will use the break of that triangle to manage my trade. if we break up out of the triangle then I will look for price to stall out around 86.50 and head down to targets.. P.S I might be looking for a long if targets are met on the current cypher pattern and we reach a price of 83.50 so be sure to keep and eye out for another idea if targets are met on this trade.. I hope this was helpful! Good luck trading and $$MAKE SOME MONEY$$
NASDAQ:WBAShort
by Alec40
WBA EARNINGS PLAYSWBA announces earnings tomorrow before market open, so look to put on a play before today's NY close. Here are the metrics for defined/undefined risk setups: WBA July 15th 76.5/90 short strangle POP%: 76% Max Profit: $106/contract Max Loss/Buying Power Effect: Undefined/$1031/contract WBA July 15th 74/78/89/93 iron condor POP%: 67% Max Profit: $104/contract Max Loss/Buying Power Effect: $296/contract Notes: Shoot to take these off at 50% max profit and move on. For the short strangle, the buying power effect metric is quite "ugly." For the iron condor, I had to bring the wings in to squeeze $100+ out of the setup, which lowers the probability of profit (POP) of the setup heftily. There are always trade offs between max profit potential, buying power effect (defined vs. undefined), and probability of profit ... . To gain with one metric, you inevitably give up ground on another ... .
NASDAQ:WBA
by NaughtyPines