Here's a closer look at WFM,
The 60 min chart, leading negative
30 min leading negative
15 min leading negative
1 min in line with the fall.
Here WFM has broken the 50 day, the 200 day is right below it, my first target would be at the 200 day if I entered this trade, I would watch for a break of the 200 day, if it happens, I stay short, if not, then I look at the stock again and see if I think it's worth holding (email me).
I would use the 60 min Trend Channel as it has held swing moves well
For traders looking for a swing trade, then maybe tighten up the stop to the 30 min.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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