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A way to hedge your visit to the drug store from spring time allergie blues, Walgreen’s pattern setup
trades that have a solid setup like Walgreen’s start with a run up on positive earnings then a pattern retracement to 20 &50ema and 200ema under, the question is how do know that this is not a sell off, the answer is something that I am always looking for in pull backs “strength in price or weakness in price” look at the Chart(theJerk is a fractal pattern indicator) a pull back 200ema is add to position – below 34.78 stop loss