Long Trade Setup Breakdown for Walgreens 30Mins📊
🔹 Asset: Walgreens Boots Alliance, Inc. (WBA)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Symmetrical Triangle Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $9.59 (Breakout Confirmation)
✅ Stop-Loss (SL): $9.42 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $9.80 (First Resistance)
📌 TP2: $10.06 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$9.59 - $9.42 = $0.17
📈 Reward to TP1:
$9.80 - $9.59 = $0.21
💰 Risk-Reward Ratio to TP1: 1:1.2
📈 Reward to TP2:
$10.06 - $9.59 = $0.47
💰 Risk-Reward Ratio to TP2: 1:2.7
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $9.59 signals continuation.
📌 Pattern Formation: Symmetrical triangle breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $9.42 (Strong Support / SL Level)
🟡 $9.59 (Breakout Zone / Entry)
🔴 $9.80 (First Profit Target / Resistance)
🟢 $10.06 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price stays above $9.59, it could push towards $9.80 and $10.06.
A higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($9.80), move SL to entry ($9.59) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $9.80, let the rest run to $10.06.
✔ Adjust Stop-Loss to Break-even ($9.59) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $9.59, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $9.59, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.7 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #WBA #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
