This 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.
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.
