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Walgreens Boots Alliance, Inc.
Long

Break Above Red Line. Then Break Out Of Channel at .5 FIB $31.

Cannot say it has bottom until it breaks the red trend line. Expecting something similar to MRNA price action. (See my chart for MRNA). Then upward struggle to break about of channel and meet .5 FIB at $31.
Nota
Looking at the Monthly chart, it currently hitting the support/resistance line from 1996.
Could go lower by another dollar and then I believe it would have bottomed.

Major resistance at $22.

istantanea
Nota
With the positive earnings, it is knocking at the 24 month long trend line. On the monthly chart MACD has turned bullish.

istantanea
Nota
Dividend has been taken away. Not sure how market will take it. Will have to wait and watch.
QubitKernel
Chart PatternsTrend Analysis
QubitKernel

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