You Need to Step Up Your Whole Foods Game, Bro’s

Whole Foods on the weekly timeframe is a good example of how important it is to respect breaks in steep trends.

For a while now, we have been looking at the former market leader-turned-laggard–You simply cannot ignore the abnormally-steep trend even as it seemed like making money a daily basis on the long side was a foregone conclusion.

True, earnings were the reason/excuse for the latest swoon. But the take-home lesson is to always know where you are on various timeframes, especially the longer-term ones. Only looking at daily charts for a swing trader is usually mistake.

I tink the stock could easily see the low-$30’s this summer.

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