Nancy from Santa Ana, CA writes:
“Whole Foods is my favorite stock as well as my favorite supermarket. I’m nervous about the big drop, but I do want to be a good long term holder. How would you play the company here?”
Whole Foods (WFM) has broken the Support Zone between $40 and $42. It looks set to retest that zone (now Resistance) from below. I would leave it alone unless it can re-establish a long structure (higher highs and higher lows).