topamax seizures

Dec

02

WFM -- Technical Analysis (100% Accuracy..written on Dec 1st 2013)
 

Posted by admin on

December 2, 2013

The article below (WFM Technical Analysis) was written on Dec 1st 2013 , for a colleague at work, who wanted to put money in this stock for long term investment

WFM– 56.60 – Closing price on Nov 29th’ 2013

‘Whole Foods Market (WFM)’ recent quarterly results was not received well by the investors. On Nov 7th the stock went down on heavy volume. WFM was at all time highs of around 65, when Nov 7th results were out.

I will just stick to technical analysis & see what the chart of WFM is trying to say

 

SHORT Term Trend — DOWN

MEDIUM Term trend — UP

LONG Term Trend – UP

 

BULLISH SCENARIO

In the short term, technical damage has been done. If 55.10 is held, then it can stage a comeback. 1st target around 58.20 in the coming week. It’s all in the hands of smart money.

 

BEARISH SCENARIO

If 55.10 is taken out, then next stop would be around 52.50 in 1-2 weeks from when 55.10 is taken out.

 

CONCLUSION — IMO, only if the stock clears 65, then it will go further up. Right now, it will be in consolidation mode for a month or two. If things get ugly for this stock, 65 may be the all time high for this stock in near future. There are better stocks where one can invest the money for short term or medium term. Also, the technical analysis has to be re-visited in few weeks to see the status of this stock.

 

— Kumar Tenkayala

 

UPDATE Dec 7th’ 2013 — On Dec 6th (Friday), 55.10 was broken as the low was 54.87, but then the stock came back sharply and ended at 56.26. That is an indication of strength. This low of 54.87 should now be held for this stock to build & go up from here. If 54.87 gets taken out then, expect  the targets mentioned above in Bearish scenario with in a week. Below please find the historical prices info of this stock on daily basis.

http://finance.yahoo.com/q/hp?s=WFM+Historical+Prices

UPDATE June 30th’ 2014 — Mid May the stock touched 37. My colleague owes me a treat :). Today’s closing price 38.51

Recent Analysis
Testimonials

Kumar analyzed AAPL stock in April 2013 in response to my request, as I was invested in Apple stock then. His analysis was 100% on the money & that helped me to decide on my next steps. I highly recommend his service for any kind of investor/trader.

Srinivas.C
Investor in USA, March 2015

Kumar provided some valuable insight to a stock (TSRO) I was considering buying. Thank you Kumar!

John.B
Investor in USA, April 2015

Thank you Kumar for your advice not to invest money in WFM in November 2013. I thought this would be a good opportunity to get my daughter started in stocks, but it would not have been a pleasant beginning. The stock has never been as high as it was when I was considering it. It has continued to decrease over the past year. It started at 59 and fell to 38 in a few months. I should have invested in MSFT as you recommended which has gone from 38 to a recent price of 49.

Diane Z
Investor in USA ,December 2013
Diane.Zxxxxxx@XXXX.com

Thank you Kumar for sharing your views on Gold. As I recall you predicted this well in advance around 8 years back that gold will have a dream run, and you are damn right. I realize some of us didn't buy that theory at that time initially, but soon enough realized the true potential of gold and started purchasing from then on and made good handsome profits. Truly appreciate your advice on gold even today.

Suresh .N, USA (September 2012)
Long Term Investor in India naxxlxxi@yahoo.com

Kumar's analysis of the market and even a particular Stock are very accurate. He told me about J.P. associates turning point and that what exactly happened. I'm very impressed and thankful.

Salil C, USA (October 2012)
Long Term Investor in India saxxlxxnx@hotmail.com

Kumar gave advice on VGUARD Industries, I followed him exactly, I dont have enough time to look at it everyday, but his timely updates helped me, more over his advice was accurate

Joy Sebastian, India (September 2012)
A casual investor, India rexxhxxy@hotmail.com