WFM 33.45 –neutral – Extends oversold bounce
WFM 33.45 –neutral – Extends oversold bounce
WFM fell from the 65.59 record high (October 28, 2013) to the new YTD low at 30.18 (August 24, 2015), retracting over 50% of the 3.52/65.59 (2008 low/2013 high) rise. The current oversold bounce has scope to test the 36.08 resistance area (July 14, 2014 range low) which should cap. A break below 30.18 would extend the broad weakness towards the support cluster including 26.66 (August 8, 2011 higher low), 27.40 (61.8% of the 3.52/65.59 (2008 low/2013 high) rise) and 28.06, the equality target (65.59-36.08 from 57.57) where the stock could find a foothold.
Outlook:
Daily: neutral
Weekly: bearish
WFM fell from the 65.59 record high (October 28, 2013) to the new YTD low at 30.18 (August 24, 2015), retracting over 50% of the 3.52/65.59 (2008 low/2013 high) rise. The current oversold bounce has scope to test the 36.08 resistance area (July 14, 2014 range low) which should cap. A break below 30.18 would extend the broad weakness towards the support cluster including 26.66 (August 8, 2011 higher low), 27.40 (61.8% of the 3.52/65.59 (2008 low/2013 high) rise) and 28.06, the equality target (65.59-36.08 from 57.57) where the stock could find a foothold.
Outlook:
Daily: neutral
Weekly: bearish
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.