$WBA - RC -
Added 2024-04-05 12:57:45 +0000 UTCThere is very little to be optimistic here for $WBA has it continues to be in the category of staying in its descending wedge right now.
We are seeing a lot of these set ups on charts right now and there is very little that can be done or should be done while in this set up.
There is clear concern that $AMZN is going to threaten this sector and they have already started to sell medicine and deliver it online in some cities in the states......not to mention, most products that you can buy in these stores can be bought on $AMZN too and cheaper.
$WBA is not somewhere I would be looking at buying right now....a business model pivot may be needed here soon.
Comments
Fair enough Cap. Their position as well known convenience stores is all that keeps them alive for me. The big threat is the level of petty crime they are experiencing that is going unprosecuted.
Jesse Gaffey
2024-04-05 13:22:44 +0000 UTCCVS certainly looks stronger and in a different set up....there may be only one player left in the sector, my money would be on CVS.
Gareth Neary
2024-04-05 13:19:58 +0000 UTCSame goes for CVS then Cap? Not long ago you had an impulse setup for CVS but the fundamentals, the story, should be the same?
Jesse Gaffey
2024-04-05 13:15:37 +0000 UTCWalgreens is having problems with their pharmacies. They have been having to cut hours and completely close some of the pharmacies due to staffing issues (in North Carolina).
Diana
2024-04-05 13:02:21 +0000 UTC
