Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

Has WFM Put in the Bottom?

WFM has had a really poor year but its outlook may be about to change.  It has recently set down on the lower line of its short term red channel which is good but more notably it has set down on the lower line of a huge long term channel (shown in blue).

click on image to enlarge

This month it has had a nice lift off of the support from two channel lines.  Bottom playing position traders will have a star pasted on this one.

Trade well my friends


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