Walgreens Boots Alliances stock price (WBA) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium term, while the stock trades alongside the secondary short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after the stock managed to vent off oversold saturation.

Therefore we expect more losses for the stock, targeting the support of $11.50, provided the current support of $15.20 was breached.

Trend Forecast: Bearish