Today’s instrument is the Walgreens Boots Alliance Inc. stock traded in the Nasdaq exchange under the ticker WBA. 

Looking at the WBA’s chart, we can see that it is in a downtrend and it was last traded at the close price of around $31.95 which is close to its 52W low of $30.39.

Today it is announcing its quarterly earnings and if the market’s anticipation is positive then we should expect the price to climb towards its resistance level of around $33 if it will pass it, then it could approach the next resistance at around $34.80. However, if failed to post good results, then it could re-test its 52W low level, and if dropped below that price then it will reach a new 52W low level.

(Click on image to enlarge)

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