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Chartimistic

WBA - Testing Gap Resistance

Long
Walgreens Boots Alliance, Inc. (NASDAQ:WBA)  
Chartimistic Updated   
NASDAQ:WBA   Walgreens Boots Alliance, Inc.
Triangle Support and Resistance Technical Indicators WBA gapdown gap Ascending Triangle Double Bottom
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triangle supportandresistance indicator wba gapdown gap ascendingtriangle doublebottom
WBA gapped down at the beginning of April due to an earnings report. The price continued to fall until the end of May, failed when it hit gap resistance in mid-July, & fell again creating a double-bottom at the end of August. Price has continued to fail when attempting to fill the gap but recent price drops have created an ascending triangle pattern. I'm looking for the gap to be filled at some point in the near future.
Comment:
Price is breaking out of the gap zone during today's session. We have to see if the price can hold the breakout level. 1.618% Fibonacci Extension level is at $67.26.
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