WBA trade ideas
$WBA The right time is nowCLEAR bullish divergence on this last drop from earnings
Sitting exactly on the .618 Fibonacci level from the July 2015 peak.
May be a bit premature, but this falling wedge is taking shape.
MACD on the up. Great buy for at least the next 2 months
WBA OppotunityFirst buy zone --> 48.78 - 51.77
Second buy zone --> 39.51 - 49.53
Possible bounce from 51.77 to fill gap up to 59.47
WBA: Strong bullish technical set-upThis stock (WBA) offers a very nice entry opportunity. It has been falling over the last days, mainly due to earnings report. Despite earnings beating the consensus , the stock dropped 12 percent in the pre-market.
Nevertheless this company is still doing well and there is a potential for a long -term trade or maybe even for an investment. WBA is currently falling to the red area, which is a strong S/R area. So i guess there might be a very big bullish volume at these levels. There is also upward trendline and this stock has some potential to perform very nicely afterwards.
BUY ZONE:
Red S/R area -> 51.70 - 45.00 USD
This is just my point of view, and it doesnt represent an investing advice. You trade on your own risk.
We may see a push towards $100 soonIt is likely that we arrived at full 4 waves in the impulse.
Minimum target for the wave 5 looks logical at 100, being the prior high and the median of the impulse channel
[WBA] phase 2The price is going up. It's over the 30MM, and the RSI is high! Evaluate if the price has the strength to keep going up!
$WBA LONG IDEAWBA with inside day breaking to the upside
Relative strength compared to overall market
green on month
eyeing entry on fridays 75c, 77.50c
WBA Watch listbreak and retest of the neckline could confirm a top is in and the setback to the end of previous wave 4 is under way at the minimum.
Sitting on supportWBA is sitting on support. Wait for dust to settle. If 59 breaks, it will go down. I believe Amazon entrance is over done and it will recover.
