I've been tracking Walgreens for a few months now (disclosure: I'm long on WBA) and it's been sticking to a fairly nice bull channel for months.
It looked like it was heading up nicely but the markets trashed it over the last few days. On the up side, though, it looks like it 'bottomed out' after the Dow dropped a bunch -- right at the channel low. Today it's...
Looks like Walgreens has developed a very nice & well-defined bull channel over the last several months (back into 2019).
Bonus, looks like they're just now bouncing off that bottom of the channel, so this might be a good time to get (back) in.
Disclaimer: I am long in WBA.
Last few weeks, looks like Square (SQ) is developing a descending triangle, which means it could be ready for a dip. Is this a short dip kind of thing, or a bull flag-in-progress? Or is it just moving about with the NASDAQ "wind"? Can't tell, wish I knew. I'm long in SQ but currently underwater, and trying to figure out if I should take the loss and bail or...
