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WFM on The Verge of an Upside Breakout?


As we speak, Whole Foods Market, Inc. (WFM) is attempting to push through key-Aug resistance at 39.00/08, which, if successfully navigated, should trigger upside continuation towards a revisit of the 40.50-41.30 prior highs, in route to a full-fledged test of the June high at 42.90.

At this junction, only a failure to follow through to the upside, followed by a decline that breaks the 38.45, will compromise the strengthening technical set-up.

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