Walgreens Boots Alliance should take its medicine as the share needs some more strength to make it above the resistance at $42.29. From there, the course should rise into the green zone between $52.38 and $59.29 to conclude wave 3 in green before we anticipate a countermovement. A 38% chance remains, though, that WBA could drop below the support at $32.70 instead, subsequently slipping below the support at $30.39 as well.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.