timwest

Walgreen Company - WAG - Daily - Key Hidden Levels helpful

NYSE:WAG   None
7
Note how "KEY HIDDEN LEVELS - EARNINGS" have given some very interesting turning points for WAG shares. The recent post-earnings rally tagged right at the KEY resistance level and provided an excellent risk-reward entry level.

The takeaway: Wait until AFTER earnings are announced, then fade the move back to where earnings were released. You don't have to speculate ahead of earnings anymore, when you can wait until afterwards to set up your entries.

NOTE: I did not forecast this trade - I'm just showing the key levels.

Tim 1:39PM EST, 8/6/2014

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