WBA (Walgreens Boots Alliance) was posted as a Short Trade Setup back on November 12th with a short entry to be triggered on a move below 81.10 & a suggested stop on any move above 83.40. The stock went on to trigger an entry but briefly traded above the suggested stop level shortly thereafter, providing a rather minor loss of 2.8% on the trade. For those still short WBA using more liberal stops, WBA is now trading well below primary uptrend line (see weekly chart) with the stock likely to continue lower in the coming months although a reaction off this [...]

WBA (Walgreens Boots Alliance Inc.) looks ripe for a break below this H&S topping pattern as well as the bottom of the horizontal support zone along with a likely break & weekly close below it's primary bull market uptrend line (see weekly chart). WBA will trigger an short entry on a break below 81.10 with a suggest stop over 83.40.